The 4.5 year bond bears a fixed coupon of 2.500% p.a. The issue price is at 99.605%, resulting in a yield to maturity of 2.596%. “With the successful placing of the bond, HeidelbergCement has further strengthened its liquidity position and showed that the company has a good access to the capital market even in difficult market situations,” said Chief Financial Officer Dr. Lorenz Näger.
Joint Bookrunners of the transaction are Banca IMI, BNP Paribas, BofA Securities, Credit Agricole CIB, Danske Bank, Deutsche Bank, ING and Standard Chartered Bank.
