HeidelbergCement yesterday priced a Eurobond issue under its EUR10bn EMTN programme with an issuance volume of EUR500m and a maturity date of 21 October 2021. The proceeds of the transaction will be used for general corporate purposes, the German cement major said in a statement.

The eight year bond bears a fixed coupon of 3.25 per cent per annum. The issue price is at 99.337 per cent, resulting in a yield to maturity of 3.375 per cent.

Joint lead managers of the transaction are Danske Bank AS, Deutsche Bank, ING and Nordea Markets.