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
March 28, 2017
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674 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 is one of the world’s largest integrated manufacturers of building materials with leading market positions in aggregates, cement, and ready-mixed concrete. The company employs some 60,000 people at more than 3,000 locations in around 60 countries.
