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LafargeHolcim to issue $1bn notes

LafargeHolcim to issue $1bn notes
(Photo Credit: Arabianeye-Reuters)
LafargeHolcim Maroc
LHM
1.61% 1,895.00 30.00

Mubasher: LafargeHolcim completed last Thursday transactions that will extend its debt maturity profile and optimize its debt currency mix, according to a statement.

The building materials producer successfully priced 10-year notes worth $400 million and 30-year notes valued at $600 million with a coupon of 3.50% and 4.750% respectively.

The notes are expected to be issued and settled on 22 September, the statement said, adding that the proceeds will be used for general corporate purposes.