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HeidelbergCement issues a Eurobond
"The new Eurobond is a great success," says CEO Dr. Bernd Scheifele. "We could achieve considerably better terms that represent an adequate price for our risk profile. The successful placement is another step on our way to reduce our financing costs through debt reduction and decreasing interest costs."
The 4 year bond bears a fixed coupon of 4.00% p.a. The issue price is at 100.0%, resulting in a yield to maturity of 4.00%. Joint Lead Managers of the transaction are Morgan Stanley, BofA Merrill Lynch, Commerzbank, Danske Bank, Deutsche Bank, Nordea Markets, Raiffeisen Bank International, SEB and Standard Chartered Bank.
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.
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