Holcim Finance to redeem all €500 million subordinated notes

By William Gullotti

Buffalo, N.Y., March 28 – Holcim Finance (Luxembourg) SA issued an irrevocable redemption notice on Thursday for all €500 million of its subordinated fixed-rate resettable notes (ISIN: XS1713466495).

The notes are guaranteed on a subordinated basis by Holcim Ltd.

The securities will be redeemed on May 27 at par plus accrued and unpaid interest.

The series was issued April 5, 2019 with an initial 3% coupon, which would have stepped up on July 5.

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

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