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HeidelbergCement issues a Eurobond with an issuance volume of €650 million

Published by , Deputy Editor
World Cement,

HeidelbergCement has priced a Eurobond issue (ISIN XS2154336338) under its €10 billion EMTN programme with an issuance volume of €650 million and a maturity date of 9 October 2024. The proceeds of the transaction will be used for general corporate purposes and the refinancing of upcoming maturities.

The 4.5 year bond bears a fixed coupon of 2.500% p.a. The issue price is at 99.605%, resulting in a yield to maturity of 2.596%. “With the successful placing of the bond, HeidelbergCement has further strengthened its liquidity position and showed that the company has a good access to the capital market even in difficult market situations,” said Chief Financial Officer Dr. Lorenz Näger.

Joint Bookrunners of the transaction are Banca IMI, BNP Paribas, BofA Securities, Credit Agricole CIB, Danske Bank, Deutsche Bank, ING and Standard Chartered Bank.

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