“The new Eurobond is a great success,” says CEO Dr. Bernd Scheifele.
“With the seven-year bond, HeidelbergCement could raise capital at more favourable terms for a longer maturity compared to one year ago. This is a clear proof of the improved credit quality of HeidelbergCement. The successful placement is another step on our way to reduce our financing costs through debt reduction and decreasing interest costs.”
The seven-year bond bears a fixed coupon of 3.25%/year. The issue price is at 99.227%, resulting in a yield to maturity of 3.375%.
Sole book-runner of the transaction is
