Berliner Straße 6
69120 Heidelberg, de
+49 (6221) 48113-227
HeidelbergCement issues a Eurobond
"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.
The use of information published here for personal information and editorial processing is generally free of charge. Please clarify any copyright issues with the stated publisher before further use. In the event of publication, please send a specimen copy to email@example.com.