HeidelbergCement priced a Eurobond issue under its €10bn ($11.2bn) programme with an issuance volume of €500 million 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 company says.
The 10 year bond bears a fixed coupon of 1.5% pa. The issue price is at 98.891%, resulting in a yield to maturity of 1.621%. Joint Bookrunners of the transaction are Bank of America Merrill Lynch, ING, LBBW and Morgan Stanley.
