HeidelbergCement has issues bond

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HeidelbergCement has placed a bond of EUR 1 billion, which falls within the framework of "pre-funding" of Italcementi acquisition, reports Investireoggi.

Last summer, during the acquisition of Italcementi, HeidelbergCement has obtained a bridge loan of around USD 4.4 billion to be refinanced via bond issues, asset sales and cash generation.

The bond is negotiable for the minimum amount of EUR 1,000 euro and detaches an annual coupon of 2.25 percent on March 30 of each year.

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