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Lafarge places a 350 million pound sterling bond and privately a 250 million euro bond
Lafarge places a 350 million pound sterling bond and privately a 250 million euro bond
- 4th July 2009
- Materials Handling
Date 05/19/2009
Euronext Paris: LG
Today Lafarge placed two bonds in separate operations. Under its EMTN(1) program, the Group placed a £350 million bond with an 8-year maturity and fixed annual coupon of 8.75%. In addition, the Group privately placed a bond for a principal amount of €250 million with an 8-year maturity.
These transactions, completed at a competitive yield, contribute to the ongoing optimization of the maturity profile of the Group's debt. In combination with yesterday's announced 1 billion euro bond, the proceeds will further improve the liquidity of the Group and fully repay the tranche A2 Orascom facility, thus eliminating the related covenant.
The settlement and issue of the pound sterling bond is expected on May 29. Barclays, HSBC and RBS acted as joint-lead managers and bookrunners for this bond issue
Other news articles from Lafarge Aggregate (UK) Ltd (Bungay)
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- Successful completion of Lafarge €1.5 billion rights issue
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LAFARGE ACQUIRES L&T CONCRETE TO BECOME THE LEADER
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Lafarge to divest 50% stake in Lafarge Titan Joint Venture in Egypt- Lafarge acquires Orascom Cement, the leading cement group in the Middle East and Mediterranean Basin.
- Lafarge Signs Strategic Cooperation Agreement with Government of Yunnan Province, China, to boost its expansion in a fast growing market
- Accelerating innovation in concrete: Lafarge inaugurates a unique new research facility
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- Bertrand Collom steps down as Chairman of Lafarge Bruno Lafont appointed Chairman and Chief Executive Officer of the Group
- Acquisition of Lafarge Roofing by PAI partners