Due to high demand, it was possible to significantly increase the issue volume from an initial EUR150m to EUR289m.
The newly-issued debt certificates, with a maturity date of 31 October 2016, consist of two tranches: one tranche with a floating rate and the other with a fixed coupon. The fixed rate tranche yields at 6.77% pa and the floating tranche at 4.90% pa over six months Euribor.
The proceeds will be utilised for general corporate purposes and to pre-fund the upcoming 2012 maturities.
The new debt certificates enable HeidelbergCement to increase its liquidity headroom and term-out its maturity profile, thereby strengthening the financing structure of the company.
