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HeidelbergCement successfully issues Eurobonds |
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Tuesday, 27 July 2010 08:57 |
HeidelbergCement issued Eurobonds under its EMTN programme with an issuance volume of EUR 650 million and a maturity date of 15 December 2015. The proceeds of the transaction will be used to further optimize the maturity profile.
The 5.5 year bond bears a fixed coupon of 6.75% p.a. The issue price is at 99.444% resulting in a yield to maturity of 6.875%. Bookrunners of the transaction have been BofA Merrill Lynch, Morgan Stanley, Nordea, RZB, Bayern LB, Handelsbanken and SEB.
About HeidelbergCement
HeidelbergCement is the global market leader in aggregates and a prominent player in the fields of cement, concrete and other downstream activities, making it one of the world’s largest manufacturers of building materials. The company employs some 53,000 people at 2,500 locations in around 40 countries. |
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Last Updated on Monday, 26 July 2010 19:02 |
