Buzzi Unicem's €500mn bond six times oversubscribed

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

Quarry Products / April 21, 2016

1451 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, 4515 BNP Paribas and Citi were joint bookrunner and lead manager for the operation.

For more information on companies in this article

Buzzi Unicem

BNP Paribas