HeidelbergCement's low yield bonanza continues with €500m 8yr

Less than two months after its last bond issue, HeidelbergCement was back in the market with a €500m eight year deal on Tuesday, paying the same yield as it had on a seven year in October.

  • By Stefanie Linhardt
  • 04 Dec 2013
The Ba1/-/BB+ rated German cement maker sold the October 2021 bonds, rated a notch lower by Moody's, at 3.25%, to yield 3.375% — the same coupon and yield as its €300m seven year notes sold in October. The coupon, then, was the smallest Heidelberg had ever achieved. ...

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