Italcementi completes 2013 bond funding with €150m tap

Italcementi, the Italian building materials maker, sold a €150m tap of its 6.125% February 2018 bond on Tuesday. The add-on completes the company’s bond issuance plans for this year.

  • 17 May 2013

The notes came at 108.261 and 340bp over mid-swaps, to yield 4.169%.

"The bonds were trading exceptionally tight in the secondary market," said a banker close to the transaction. "We priced it with a one point discount."

Italcementi’s €350m notes, issued in February this year, closed at just over 109 ...

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