Skip to main content

HeidelbergCement issues a Eurobond with a volume of €750 million

Published by
World Cement,

HeidelbergCement haspriced a Eurobond issue under its €10 billion EMTN programme with an issuance volume of €750 million and a maturity date of 3 June 2024.

The bond was issued at the upper end of the volume and the lower end of the coupon range. Demand was very high; the bond was more than 4 times oversubscribed.

The 8 year bond bears a fixed coupon of 2.25% p.a. The issue price is at 98.963%, resulting in a yield to maturity of 2.394%. These terms are the most attractive HeidelbergCement could ever secure in this maturity segment. Active Bookrunner of the transaction are Banca IMI, Citi, Danske Bank and Deutsche Bank (B&D).

The proceeds will be utilised for general corporate purposes and especially to pre-fund the upcoming Italcementi acquisition. The refinancing needs in the bond market for the Italcementi acquisition are largely covered with this bond issuance.

Adapted from press release by Joseph Green

Read the article online at:

You might also like



WCT2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.

Find out more and register for the series »



World Cement Spotlight with Rockwell Automation

World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.

Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.

Watch the interview now »


Embed article link: (copy the HTML code below):