Leading in sustainable financing: Heidelberg Materials places 2nd Green Bond
On Tuesday, Heidelberg Materials successfully placed its second Green Bond (ISIN XS2904554990) as part of its Green Finance Framework. The issue volume amounts to €500 million with a term until 2031. Following the first Green Bond placement in June with a volume of €700 million, Heidelberg Materials is taking another important step towards delivering on its sustainable financing targets. By 2025, the company aims to increase this share to over 70%.
The range of projects financed by the issued Green Bonds span from the modernisation of plants, for example to increase the use of alternative fuels, to the expansion of carbon capture technologies. The Green Bonds further complements Heidelberg Materials’ sustainable financing portfolio and increases the share of sustainable financial instruments.
The 2.6 times oversubscription of the bond demonstrates the confidence of the capital market in the Group’s sustainability strategy. The 7-year Eurobond has a fixed interest rate of 3.375% per year. Joint bookrunners for the issue are BNP Paribas, Danske Bank AS, Deutsche Bank (B&D), Helaba, IMI-Intesa Sanpaolo and Morgan Stanley.
Heidelberg Materials’ Green Finance Framework and Second Party Opinion are available online at Sustainable Finance.
- About Heidelberg Materials
- Heidelberg Materials is one of the world's largest integrated manufacturers of building materials and solutions with leading market positions in cement, aggregates, and ready-mixed concrete. We are represented in around 50 countries with around 51,000 employees at almost 3,000 locations. At the centre of our actions lies the responsibility for the environment. As the front runner on the path to carbon neutrality and circular economy in the building materials industry, we are working on sustainable building materials and solutions for the future. We enable new opportunities for our customers through digitalisation.
This release does not constitute an offer to sell or a solicitation of an offer to buy securities of Heidelberg Materials 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 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.
