New Issue: LafargeHolcim prices €850 million long 10-year notes to yield mid-swaps plus 77 bps

By Rebecca Melvin

New York, Nov. 18 – Holcim Finance (Luxembourg) SA priced €850 million of 0.5% sustainability-linked long 10-year bonds (Baa2/BBB) at 99.435 to yield 0.556%, or a spread of 77 basis points over mid-swaps, according to a market source.

The issuer is a subsidiary of LafargeHolcim Ltd.

Joint bookrunner ING will bill and deliver. Societe Generale CIB, BNP Paribas, HSBC, Santander, BBVA, Credit Agricole and Unicredit are also bookrunners of the Regulation S deal.

The proceeds are for general corporate purposes.

LafargeHolcim is a Jona, Switzerland-based building materials company.

Issuer:	Holcim Finance (Luxembourg) SA
Amount:	€850 million
Maturity:	April 23, 2031
Securities:	Sustainability-linked senior bonds
Bookrunners:	ING (bill and deliver), Societe Generale CIB, BNP Paribas, HSBC, Santander, BBVA, Credit Agricole and Unicredit
Coupon:	0.5%
Price:	99.435
Yield:	0.556%
Spread:	Mid-swaps plus 77 bps
Settlement date:	Nov. 23
Ratings:	Moody's: Baa2
	S&P: BBB
Distribution:	Regulation S

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