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| Holcim announces bond placement in Morocco Holcim (Maroc) S.A., a Morocco-based company engaged in the production of cement, concrete and aggregates, has issued a 7-year MAD 1.5 billion bond (CHF 208 million) in the Moroccan capital market with a 5.49 percent coupon p.a. The proceeds will be used to refinance existing debt and for general corporate purposes. This transaction reflects the financing policy of the Holcim Group to secure liquidity and lengthen the average debt maturity. This and other financings since October 2008 in the total amount of more than CHF 500 million will allow Holcim to again substantially exceed its liquidity target of CHF 5.3 billion (cash and unused committed credit lines) by year-end 2008. write your comments about the article :: © 2008 Construction News :: home page |