LafargeHolcim successfully launches a EUR 500m Hybrid bond Freitag, 05. April 2019 - 13:00
Media Release
LafargeHolcim successfully launches a EUR 500m Hybrid bond
LafargeHolcim today successfully settled a EUR 500 million perpetual hybrid bond at an initial fixed coupon of 3 percent with a non-call period of 5 years and a quarter. Investors have expressed a strong interest, with a total order book above EUR 5 billion.
Earlier this week, the Group also recorded successful results with its tender offer on three outstanding euro series of notes, bearing interest from 4.75 percent to 5.875 percent and maturing from July 2019 to March 2020.
Both transactions reduce the financing costs of the Group.
LafargeHolcim reaffirms its objective to strengthen its financial structure in line with the “Financial Strength” value driver of Strategy 2022 – “Building for Growth” and to reach a leverage* (Net Debt divided by Recurring EBITDA) at 2.0 x or less by end of 2019.
