12 January 2010

HeidelbergCement successfully issues Eurobonds

Today, HeidelbergCement issued two tranches of Eurobonds with a total issuance volume of EUR 1.4 billion. The bonds were placed with institutional investors mainly throughout Europe, comprising a EUR 650 million 5 year and a EUR 750 million 10 year transaction. The proceeds of the combined transaction will be exclusively used to partly repay the syndicated loan, resulting in a further reduction of the company’s bank debt.

“The successful placement of the bonds once again underlines the confidence of the capital markets in the strategy and the management team of HeidelbergCement,” says CEO Dr. Bernd Scheifele. “The company has comprehensively improved its capital structure and debt maturities within a record time of only 12 months. Now we are in a solid position to negotiate new credit agreements with better conditions and with selected banks.”

The 5 year bond bears a fixed coupon of 6.5% p.a., whereas the 10 year tranche has a coupon of 7.5%. The issue prices for the tranches are 98.8561% and 98.2192%, resulting in respective yield to maturities of 6.75% and 7.75% for the 5 and 10 year tranches. Bookrunners of the transaction have been Deutsche Bank, Citi, Commerzbank, ING, LBBW, RBS and UniCredit. The notes are issued as bearer bonds in a denomination of EUR 1,000. Interest is paid on a semi-annual basis in arrear.

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 57,000 people at 2,600 locations in around 40 countries.


The information contained herein serves information purposes and does not constitute a prospectus or any offer for sale or subscription of or solicitation or invitation of any offer to buy or subscribe for any securities of HeidelbergCement AG.

This release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The securities described herein will not be registered under the Securities Act.

The information contained in this release may not be issued or distributed in or into the United States of America, Canada, Australia or Japan and does not constitute an offer to sell nor a solicitation of an offer to buy securities in the United States of America, Canada, Australia or Japan.

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Andreas Schaller

Group Spokesman, Director Group Communication & Investor Relations
Tel: 
+49 6221 481 13249
Fax: 
+49 6221 481 13217
HeidelbergCement AG
Berliner Straße 6
69120 Heidelberg
Germany