Heidelberg maintains consistency as it cements another 10 year

German building materials company HeidelbergCement sold its first trade of 2018, replicating its last deal of 2017. It also priced the new deal at a spread close to that it paid in 2017.

  • By Nigel Owen
  • 16 Apr 2018

In June 2017, Heidelberg sold a €500m 10 year new issue at a spread of 85bp over mid-swaps, having started marketing the deal at 105bp and built an order book of around €1.75bn.

None of the five leads on the new deal, BNP Paribas, Bayern ...

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5 JPMorgan 15,445.30 54 5.26%