Buzzi Unicem, the Italian construction materials specialist, has successfully carried out the placement of a bond with a nominal value of €500 million (US$564.16 million) and a seven-year duration. The notes were placed exclusively with qualified investors, bearing a minimum denomination of €100,000 and a fixed annual coupon of 2.125%. The emission price was 99.397% of the nominal value. The placement was oversubscribed by six times the offer. Standard & Poor's confirmed a BB+ rating for the not
Buzzi Unicem, the Italian construction materials specialist, has successfully carried out the placement of a bond with a nominal value of €500 million (US$564.16 million) and a seven-year duration.
The notes were placed exclusively with qualified investors, bearing a minimum denomination of €100,000 and a fixed annual coupon of 2.125%.
The emission price was 99.397% of the nominal value.
The placement was oversubscribed by six times the offer.
Standard & Poor’s confirmed a BB+ rating for the notes.
Banca Imi, BNP Paribas and Citi were joint bookrunner and lead manager for the operation.
