Holcim Ltd said Tuesday it has raised CHF650m in a bond issue aimed at refinancing existing debt.
Holcim Ltd has successfully issued a 10-year, CHF400 million bond with a 3 1/8% coupon in the Swiss Franc domestic market and Holcim Overseas Finance Ltd. a 6-year CHF 250m bond with a 3% coupon in the Swiss Franc international segment. Holcim Ltd is guaranteeing the issue placed by Holcim Overseas Finance Ltd.
The proceeds will be used to refinance existing debt by taking advantage of the favorable market conditions and for general corporate purposes. Furthermore, the bonds optimise the maturity structure.