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/
Over the coming weeks, World Cement will be hosting a series of technical webinar presentations from KHD! Each presentation will be led by industry experts and provide a detailed discussion of KHD’s product offerings to the cement industry.