Skip to main content

HeidelbergCement issues Eurobond

Published by
World Cement,


HeidelbergCement has priced a Eurobond issue under its €10 billion EMTN programme with an issuance volume of €1 billion and a maturity date of 7 February 2025. Demand was very high’ the bond was oversubscribed several times.

With this issue, HeidelbergCement tapped the capital market for the first time following the recent classification in the Investment Grade. The 8-year bond bears a fixed coupon of 1.50% p.a. The issue price is at 98.529%, resulting in a yield to maturity of 1.694%. These terms are the most attractive HeidelbergCement could ever secure in this maturity segment. Joint Bookrunners of the transaction are Banca IMI, BNP Paribas, Deutsche Bank and Morgan Stanley.

The proceeds of the transaction will be used for general corporate purposes and for the refinancing of the Eurobond maturing in January 2017.

Read the article online at: https://www.worldcement.com/europe-cis/29112016/heidelbergcement-issues-eurobond/

You might also like

 KHD

KHD Technical Webinar Series

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.

Find out more and register for the series »

 

Martin Marietta increases quarterly cash dividend

The company has announced that its Board of Directors approved a 4% increase in its quarterly cash dividend, raising it from US$0.55 per share to US$0.57 per share on the company’s outstanding common stock.

 
 

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