HeidelbergCement issues a Eurobond

Heidelberg, (PresseBox) - Today, HeidelbergCement priced a Eurobond issue (ISIN XS0985874543) under its €10 billion EMTN programme with an issuance volume of €300 million and a maturity date of 21 October 2020. The proceeds of the transaction will be used for general corporate purposes.

"The new Eurobond is a great success," says CEO Dr. Bernd Scheifele. "With the 7 year bond, HeidelbergCement could raise capital at more favourable terms for a longer maturity compared to one year ago. This is a clear proof of the improved credit quality of HeidelbergCement. The successful placement is another step on our way to reduce our financing costs through debt reduction and decreasing interest costs."

The 7 year bond bears a fixed coupon of 3.25% p.a. The issue price is at 99.227%, resulting in a yield to maturity of 3.375%. Sole bookrunner of the transaction is Morgan Stanley.

HeidelbergCement AG

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 52,500 people at 2,500 locations in more than 40 countries.

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