Holcim
September 24th, 2009 4:30 pm | by John Jansen |In my closing post on corporate bonds I poked fun at this issuer because I never heard of it. Apparently lots of folks love this cement company. Here is a dealer note on the pricing:
NEW HOLCIM (HOLZSW)… PRICING 750MM OF A 10YR AT 280 AND 250MM
OF A 30YR AT 290… HEARING THE DEAL WELL WELL OVERSUBSCRIBED
EVEN AT THE TIGHTER SPREAD TALK (325 -> 280)
BAA2/BBB CEMENT/AGGREGATES PROCESSOR AND DISTRIBUTOR
FIGURE 10YRs OPENING 265/255 (PRICING 280)
30YRs OPENING 275/265 (PRICING 290)
One Response to “Holcim”
By Wiley on Sep 24, 2009 | Reply
It’s one of the top cement and ready mix in Europe and Latam. Big footsprint recently with acquistions in China & Australia. Likely to benefit with the resumed growth paths of Asian and other EM countries.