Cement News tagged under: Bond Issue
Dangote acquires 20,000 vehicles to improve distribution13 July 2021, Published under Cement NewsNigeria’s Dangote Cement has acquired 20,000 additional vehicles to improve the distribution of its products across the country. The vehicles, made up of trucks, trailers and tippers, represent an investment of US$150m. "These assets would meet the expected increase in demand for transportation of cement to every part of the country and create employment for over 4000 people in Nigeria," said Dangote spokesperson Tony Chiejine. "We have acquired the new trucks in line with our new expan... |
UltraTech Cement receives approval to raise INR30bn04 February 2021, Published under Cement NewsIndia’s UltraTech Cement has received approval to raise INR30bn (US$411.42m) through the issuance of US dollar-denominated bonds. The proceeds from the issuance are expected to be used to refinance existing rupee debt, with the remainder reserved for regular ongoing capital expenditure requirements and general corporate purposes. The bonds will be offered and sold within the US in one or more tranches. |
Cemex announces pricing of US$1.75bn senior secured notes08 January 2021, Published under Cement NewsCemex SAB de CV announced the price of US$1.75bn of its 3.875 per cent senior secured notes due in 2031 and denominated in US dollars. The notes have a semi-annual interest rate of 3.875 per cent and mature on 11 July 2031. The notes are to be issued on 12 January 2021, subject to customary closing conditions. Cemex intends to use the proceeds of the offering for general corporate purposes. |
Cemex announces plans for a US$1bn bond issue15 September 2020, Published under Cement NewsCemex has announced plans to issue US$1bn in senior notes to raise funds for general operations, including paying off debt, according to Reuters. The bonds will have a coupon of 5.2 per cent and mature in September 2030, the company said in a filing to the country’s stock exchange. The offer will close on 17 September. Fitch Ratings has assigned the secured notes a rating of ‘BB-’. |
Cemex announces plans for US$1bn bond issue03 June 2020, Published under Cement NewsCemex has announced plans to issue US$1bn worth of bonds, with a 7.375 per cent coupon and a maturity date of June 2027. The issue is expected to be used to support ongoing business activities, including debt repayment. The bonds will be issued with an option to repurchase them four years prior to maturing and the offering period will close on 5 June. Elsewhere, Mexico's energy regulator approved new rates that electricity providers must pay the national power utility for transmission... |
Dangote Cement looks to raise NGN100bn from bonds06 April 2020, Published under Cement NewsNigeria’s Dangote Cement is seeking to raise up to NGN100bn (US$257.23m) from the bond market, under its NGN300bn debt issuance programme. The funds from the company’s first offering in the bond market would be used to refinance existing short-term debt used for cement expansion projects, working capital and other corporate purposes, according to This Day. |
CRH issues new bonds29 March 2018, Published under Cement NewsCRH has issued US$1.5bn of bond debt at a lower cost than expected, reports the Irish Independent. In total, it consists of a 10-year US$900m bond and a 30-year US$600m bond. Both bonds were approximately 200 basis points below initial pricing indications which suggests the level of demand, according to Robert Gardiner, Davy Analyst. The funds are expected to be used to finance the acquisition of Ash Grove Cement, which was purchased last year. |
HeidelbergCement issues a Eurobond07 June 2017, Published under Cement NewsHeidelbergCement priced a Eurobond issue under its EUR10bn Euro medium-term note (EMTN) programme with an issuance volume of EUR500m and a maturity date of 14 June 2027. The proceeds of the transaction will be used for general corporate purposes and the refinancing of upcoming maturities. The 10-year bond bears a fixed coupon of 1.500 per cent per annum. The issue price is at 98.891 per cent, resulting in a yield to maturity of 1.621 per cent. Joint Bookrunners of the transaction are Ban... |
Votorantim Cimentos issues EUR500m in European bonds08 May 2015, Published under Cement NewsVotorantim Cimentos SA announces the issuance of its Euro-denominated bond, representing the first issuance since November 2014 by a Brazilian company in the international capital markets in 2015. The issuance followed three days of investor meetings in London, Amsterdam, Munich and Frankfurt, which resulted in an issuance of €500 Euro-denominated notes due 2022 bearing interest at the rate of 3.5 per cent per annum. Despite intraday volatility in global capital markets, this successful is... |
Siam Cement fourth-quarter net profit up 11% YoY28 January 2015, Published under Cement NewsSiam Cement PCL, Thailand's largest industrial conglomerate, said on Wednesday its 4Q14 net profit rose 11 per cent due mainly to improving margin for its petrochemical business despite an inventory loss. Net profit was THB8.86bn (US$271.53m) for the October-December quarter, beating analysts' forecasts. For the whole of 2014, net profit dropped eight per cent to THB33.6bn (US$30.66m), the company said in a statement. Ceiling of bond issue raised Meanwhile, Siam Cement also announc... |