28 November 2016
HeidelbergCement issues a Eurobond with a volume of €1 billion
Today, HeidelbergCement priced a Eurobond issue (ISIN XS1529515584) 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.
HeidelbergCement is one of the world’s largest integrated manufacturers of building materials with leading market positions in aggregates, cement, and ready-mixed concrete. Following the acquisition of Italcementi, the company employs some 62,000 people at more than 3,000 locations in around 60 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.