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4-Traders Homepage  >  Equities  >  Xetra  >  HeidelbergCement AG    HEI   DE0006047004

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HeidelbergCement AG : HeidelbergCement issues a Eurobond

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03/02/2012 | 03:00pm CET

Friday, March 02, 2012
2,195 characters

Today, HeidelbergCement issued a Eurobond (ISIN XS0755521142) under its €10 billion EMTN programme with an issuance volume of €300 million and a maturity date of 8 March 2016. The proceeds of the transaction will be used for general corporate purposes.

"The new Eurobond is a great success," says CEO Dr. Bernd Scheifele. "We could achieve considerably better terms that represent an adequate price for our risk profile. The successful placement is another step on our way to reduce our financing costs through debt reduction and decreasing interest costs."

The 4 year bond bears a fixed coupon of 4.00% p.a. The issue price is at 100.0%, resulting in a yield to maturity of 4.00%. Joint Lead Managers of the transaction are Morgan Stanley, BofA Merrill Lynch, Commerzbank, Danske Bank, Deutsche Bank, Nordea Markets, Raiffeisen Bank International, SEB and Standard Chartered Bank.

About HeidelbergCement
HeidelbergCement is the global market leader in aggregates and a prominent player in the fields of cement, concrete and other downstream activities, making it one of the world's largest manufacturers of building materials. The company employs some 52,500 people at 2,500 locations in more than 40 countries.

The information contained herein serves information purposes and does not constitute a prospectus or any offer for sale or subscription of or solicitation or invitation of any offer to buy or subscribe for any securities of HeidelbergCement AG.

This release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The securities described herein will not be registered under the Securities Act.

The information contained in this release may not be issued or distributed in or into the United States of America, Canada, Australia or Japan and does not constitute an offer to sell nor a solicitation of an offer to buy securities in the United States of America, Canada, Australia or Japan.

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Financials (€)
Sales 2016 15 742 M
EBIT 2016 2 057 M
Net income 2016 907 M
Debt 2016 8 515 M
Yield 2016 1,84%
P/E ratio 2016 18,49
P/E ratio 2017 14,28
EV / Sales 2016 1,63x
EV / Sales 2017 1,41x
Capitalization 17 217 M
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Consensus
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Buy
Mean consensus HOLD
Number of Analysts 27
Average target price 88,5 €
Spread / Average Target 2,0%
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Managers
NameTitle
Bernd Scheifele Chief Executive Officer
Fritz-Jürgen Heckmann Chairman-Supervisory Board
Lorenz Näger Chief Financial Officer
Wolfgang Standhaft Director-Group Information Technology
Josef Heumann Member-Supervisory Board
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