Today Lafarge placed, under its EMTN(1) program, a €750 million bond with a 7-year and 5-month maturity and fixed annual coupon of 7.625%.
With this transaction, the Group pursues its optimization of the maturity profile of the Group's debt, refinancing shorter term bank facilities.
The settlement and issue of the bond is expected on June 24. BNP Paribas, Calyon, Citi, HSBC, Morgan Stanley and Société Générale acted as joint-lead managers and bookrunners for this bond issue.
Notes to editors
Lafarge is the world leader in building materials, with top-ranking positions in all of its businesses: Cement, Aggregates & Concrete and Gypsum. With more than 84,000 employees in 79 countries, Lafarge posted sales of Euros 19 billion in 2008.
In 2009 and for the fifth year in a row, Lafarge was listed in the ‘Global 100 Most Sustainable Corporations in the World'. With the world's leading building materials research facility, Lafarge places innovation at the heart of its priorities, working for sustainable construction and architectural creativity.
This press release and the information it contains do not constitute an offering of securities.
(1) Euro Medium-Term Note program