HeidelbergCement issues a Eurobond

HeidelbergCement issues a Eurobond
07 June 2017

HeidelbergCement 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 Bank of America Merrill Lynch, ING, LBBW and Morgan Stanley (B&D).

Published under Cement News