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HeidelbergCement issues Eurobond

Published by
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/

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