Lafarge places seven-year EUR500m bond

Lafarge placed today, under its Euro Medium-Term Note program, a EUR500m bond with a seven year maturity and fixed annual coupon of 5.875% to institutional investors.
 
While Lafarge had no immediate refinancing needs, the company said: “proceeds of this bond issuance will reinforce the already strong liquidity position of the Group.”
 
The settlement and issuance of the bond are expected to occur on 9 July 2012.