HeidelbergCement price talk 7 ½%-7 ¾% on $708 million seven-year deal pricing Tuesday

By Paul A. Harris

St. Louis, June 27 - Price talk of 7 ½%-7 ¾% emerged Friday on HeidelbergCement AG $708 million (equivalent) of seven-year non-call-four senior notes (Ba1/existing BB+), according to a market source who added that the deal is expected to price on Tuesday.

Deutsche Bank Securities, Citigroup and Royal Bank of Scotland are joint bookrunners on the Rule 144A/Regulation S offering

Proceeds will be used to refinance debt.

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