HeidelbergCement’s new Eurobond issue

HeidelbergCement priced a Eurobond issue (ISIN XS1387174375) under its €10 billion EMTN (Euro Medium Term Note) programme with an issuance volume of €1 billion and a maturity date of 30 March 2023. The bond was issued at the upper end of the volume and the lower end of the coupon range. Demand was very high; the bond was more than three times oversubscribed. The seven-year bond bears a fixed coupon of 2.25%/year. The issue price is at 99.616%, resulting in a yield to maturity of 2.31%. The company says thes

HeidelbergCement has priced a Eurobond issue under its €10 billion EMTN programme with an issuance volume of €1 billion 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% p.a. The issue price is at 99.626%, resulting in a yield to maturity of 1.67%. Joint Bookrunners of the transaction are Citi, Deutsche Bank, Helaba, RBI and SEB.

HeidelbergCement

HeidelbergCement has priced a Eurobond issue (ISIN XS0985874543) under its €10 billion EMTN (European Medium Term Note) programme with an issuance volume of €300 million and a maturity date of 21 October 2020. The proceeds of the transaction will be used for general corporate purposes.
“The new Eurobond is a great success,” says CEO Dr. Bernd Scheifele.
“With the seven-year bond, HeidelbergCement could raise capital at more favourable terms for a longer maturity compared to one year ago. This is a clear