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| Lafarge placed a 1 billion euro bond French cement major Lafarge successfully placed a €1 billion bond with a 5-year maturity and fixed annual coupon of 7.625% under its EMTN program. This operation has been completed rapidly at a competitive yield, reflecting the high demand and quality of the book. Placement was made across a diversified investor base, mainly in France, Germany, the United Kingdom, Switzerland and Belgium. The settlement and issue of the bond are expected on May 27. BNP Paribas, Calyon, Citi, HSBC, Morgan Stanley and Société Générale acted as joint-lead managers and bookrunners for this bond issue. write your comments about the article :: © 2009 Construction News :: home page |