Germany: HeidelbergCement has issued a Eurobond after the merger with a value of Euro1 billion and a maturity date of 30 March 2023. The international bond has a fixed coupon of 2.25 per cent/yr.
The proceeds from the bond will be used to pre-fund the upcoming Italcementi acquisition and other general corporate purposes. Sub-sequently, the bridge financing for the takeover will be reduced from Euro2.7bn to Euro2bn.