The 8.5 year bond bears a fixed coupon of 1.125%/ year. The issue price is at 99.127%, resulting in a yield to maturity of 1.235%. The joint bookrunners of the transaction are Bank of America Merrill Lynch, Crédit Agricole CIB, Deutsche Bank, ING, LBBW, RBI, SEB, and Standard Chartered Bank.
“We have used the historically favourable interest rate environment and secured with this issue the lowest long-term financing costs in the history of HeidelbergCement,” said Dr Lorenz Näger, Chief Financial Officer. “The bond was 7.5 times oversubscribed, which shows impressively the confidence of the capital market in our company, and our solid financial policy.”
