HeidelbergCement issues Eurobond

HeidelbergCement issues Eurobond
Published: 02 March 2012

Tagged Under: HeidelbergCement 

HeidelbergCement issued a Eurobond today under its €10bn EMTN programme with an issuance volume of €300m and a maturity date of 8 March 2016. The proceeds of the transaction will be used for general corporate purposes.

“The new Eurobond is a great success,” says CEO Dr. Bernd Scheifele. “We could achieve considerably better terms that represent an adequate price for our risk profile. The successful placement is another step on our way to reduce our financing costs through debt reduction and decreasing interest costs.”

The four year bond bears a fixed coupon of 4.00% p.a. The issue price is at 100.0%, resulting in a yield to maturity of 4.00%. Joint Lead Managers of the transaction are Morgan Stanley, BofA Merrill Lynch, Commerzbank, Danske Bank, Deutsche Bank, Nordea Markets, Raiffeisen Bank International, SEB and Standard Chartered Bank.