HeidelbergCement issues a Eurobond

HeidelbergCement issues a Eurobond
Published: 06 March 2014

Tagged Under: Germany HeidelbergCement 

HeidelbergCement yesterday priced a Eurobond issue under its EUR10bn EMTN programme with an issuance volume of EUR500m and a maturity date of 12 March 2019. The proceeds of the transaction will be used for general corporate purposes.

The five-year bond bears a fixed coupon of 2.25 per cent p.a. The issue price is at 98.84 per cent, resulting in a yield to maturity of 2.50 per cent.

Joint Global Coordinators of the transaction are Morgan Stanley (B&D) and RBS. Joint Bookrunners of the transaction are Bayern LB, Commerzbank, Intesa, LBBW, Mediobanca and SEB.