HeidelbergCement issues Eurobond worth €300mn

German buildings material producer HeidelbergCement has issued a Eurobond worth €300million, with a maturity date of 8 March 2016. The company says proceeds will be used for general corporate purposes. The four-year bond bears a fixed coupon of 4% per annum. The issue price is at 100%, resulting in a yield to maturity of 4%. Joint Lead Managers of the transaction are Morgan Stanley, BofA Merrill Lynch, Commerzbank, Danske Bank, Deutsche Bank, Nordea Markets, Raiffeisen Bank International, SEB and S
April 20, 2012 Read time: 1 min

German buildings material producer 674 HeidelbergCement has issued a Eurobond worth €300million, with a maturity date of 8 March 2016.

The company says proceeds will be used for general corporate purposes.

The four-year bond bears a fixed coupon of 4% per annum. The issue price is at 100%, resulting in a yield to maturity of 4%.

Joint Lead Managers of the transaction are 4323 Morgan Stanley, 5082 BofA Merrill Lynch, 4312 Commerzbank, 5083 Danske Bank, 4314 Deutsche Bank, 4324 Nordea Markets, 5086 Raiffeisen Bank International, 4327 SEB and 4328 Standard Chartered Bank.

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