Buzzi Unicem to issue €350mn bond

Italian construction materials group Buzzi Unicem has announced that it intends to issue a €350 million bond by the end of December 2012.
The seven-year, fixed-rate bond will be targeted at institutional investors, and the capital raised from the operation will be used to extend the average length of the company's debts, as well as to finance its day-to-day running costs.