HeidelbergCement issues a Eurobond

HeidelbergCement issues a Eurobond
28 March 2017

HeidelbergCement priced a Eurobond issue under its EUR10bn EMTN programme with an issuance volume of EUR1bn and a maturity date of 7 April 2026. The proceeds of the transaction will be used for general corporate purposes and the refinancing of upcoming maturities.

The nine year bond bears a fixed coupon of 1.625 per cent annually. The issue price is at 99.626 per cent, resulting in a yield to maturity of 1.670 per cent. Joint bookrunners of the transaction are Citi, Deutsche Bank, Helaba, RBI and SEB.

Published under Cement News

Tagged Under: HeidelbergCement Germany