HeidelbergCement issues Eurobond
Published by Rebecca Bowden,
Assistant Editor
World Cement,
HeidelbergCement priced a Eurobond issue under its €10 billion EMTN programme with an issuance volume of €750 million and a maturity date of 18 January 2021. The proceeds of the transaction will be used for general corporate purposes and the refinancing of upcoming maturities.
The 4 year bond bears a fixed coupon of 0.500% pa. The issue price is at 99.822%, resulting in a yield to maturity of 0.545%. Joint Bookrunners of the transaction are Bank of America Merrill Lynch, Bayern LB, Commerzbank, Danske Bank and Standard Chartered Bank.
Read the article online at: https://www.worldcement.com/europe-cis/10012017/heidelbergcement-issues-eurobond/
You might also like
World Cement Podcast
In the latest episode of the World Cement Podcast, Senior Editor David Bizley is joined by Dr Andrew Minson of the GCCA to discuss the ins and outs of the recently launched Low Carbon Ratings (LCR) system.
Responsible Capacity Growth, Powered by Your Data
As demand rises with urbanisation, manufacturers must meet growth targets while advancing 2030 and 2050 decarbonisation goals. AI Optimisation (AIO) technology is empowering teams with AI expertise to transform operations and accelerate their journey toward a smarter, more sustainable future.
