HeidelbergCement taps seven year bond

HeidelbergCement taps seven year bond
10 November 2011

HeidelbergCement carried out a EUR200m tap issue of its most recent seven year EUR300m Eurobond transaction from 5 October 2011 with a coupon of 9.5%.

The issue price of the tap is at 107.5% resulting in a yield to maturity of around 8.1%. 

HeidelbergCement therefore increases its liquidity headroom and further optimises its maturity profile.

Bookrunners of the transaction are BNP Paribas, Banca IMI, Citigroup, Deutsche Bank, ING, LBBW, Mediobanca and RBS.
Published under Cement News