12 October 2009
HeidelbergCement issues new EUR benchmark bonds
HeidelbergCement has mandated a bank consortium with Deutsche Bank and Royal Bank of Scotland as global coordinators to offer and sell EUR denominated notes to institutional investors in the domestic markets and abroad. “With this capital market transaction we follow on the successful refinancing of our bank debt in June and the capital increase in September,” explained Dr. Bernd Scheifele, CEO of the company.
The bonds are planned to be divided in two tranches, each with a minimum volume of EUR 500mn, with maturities of five and seven years. The actual amounts issued for each tranche as well as the specific terms and conditions will be determined this week after a book-building process in accordance with market conventions. The notes will be issued in bearer form and in denominations of EUR 1,000. Regular interest payments will be made semi-annually in arrear.
The issue proceeds will be applied to the refinancing of the syndicated bank facility, which will improve the maturity profile of the outstanding debt of the HeidelbergCement Group.
The senior, unsecured, unsubordinated notes will be issued by HeidelbergCement AG and will be admitted to trading on the regulated market of the Luxembourg Stock Exchange. The bonds will be guaranteed by Hanson Limited, United Kingdom, a wholly owned subsidiary of HeidelbergCement.
Upon the approval of the prospectus by the financial supervisory agency CSSF in Luxembourg, which is expected on or about 19 October 2009, the prospectus will be published and can be obtained via a number of sources including the investor relations pages of the company’s internet site: http://www.heidelbergcement.com/global/en/company/investor_relations/ind.... For the primary placement of the bonds and any further trading all applicable selling restrictions need to be observed.
Heidelberg, 12 October 2009
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.