HeidelbergCement's €1bn crossover bond wins big book
HeidelbergCement issued a benchmark high yield bond on Monday that was increased to €1bn and nearly three times oversubscribed.
The German company, rated Ba1/BB+ by Moody’s and Fitch, was the only firm that issued a bond in Europe on Monday. In the morning, it began offering a benchmark size seven year senior unsecured bond to yield 2.5%, but in a few hours it increased the deal to ...
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