New Issue: HeidelbergCement prices €500 million 3¼% notes due 2021 at 99.337 to yield 3 3/8%

By Paul A. Harris

Portland, Ore., Dec. 3 - HeidelbergCement Finance Luxembourg SA priced a €500 million issue of 3¼% senior notes due Oct. 21, 2021 (Ba2//BB+) at 99.337 to yield 3 3/8% on Tuesday, according to a market source.

The yield printed on top of guidance.

Danske Bank, Deutsche Bank AG, London Branch, ING Bank NV and Nordea Bank Danmark A/S were the joint bookrunners.

The Heidelberg, Germany-based building products company plans to use the proceeds for general corporate purposes.

Issuer:	HeidelbergCement Finance Luxembourg SA
Amount:	€500 million
Maturity:	Oct. 21, 2021
Securities:	Senior notes
Bookrunners:	Danske Bank, Deutsche Bank AG, London Branch, ING Bank NV, Nordea Bank Danmark A/S
Coupon:	3¼%
Price:	99.337
Yield:	3 3/8%
Spread:	207 bps
Call protection:	Non-callable
Trade date:	Dec. 3
Settlement date:	Dec. 12
Ratings:	Moody's: Ba2
	Fitch: BB+
Distribution:	Regulation S
Guidance:	3 3/8%
Marketing:	Quick to market

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