HeidelbergCement issues Eurobond

June 7, 2017

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.

Related Content

November 29, 2016

HeidelbergCement issues landmark Eurobond

HeidelbergCement, the German building materials giant, has priced a Eurobond issue under its €10 billion EMTN programme with an issuance volume of €1 billion and a maturity date of 7 February 2025. Demand was said to be ‘very high’, with the bond oversubscribed several times.

The Eurobond issue marks the first time the company has tapped the capital market following its recent classification in the Investment Grade. The eight-year bond bears a fixed coupon of 1.50%/year. The issue price is at 98.529%, re

March 5, 2012

HeidelbergCement issues a Eurobond

HeidelbergCement has issued a Eurobond under its €10 billion EMTN (Euro Medium Term Note) programme with an issuance volume of €300 million and a maturity date of 15 December, 2018.

boombox1

Highlighted Content

boombox2