Summary
CRH Public Limited Company (CRH) announced on July 17, 2014, the successful completion of a €600 million bond offering by its subsidiary, CRH Finance Germany GmbH. The bonds mature in 7 years and carry a coupon rate of 1.75%, which represents the lowest coupon rate ever achieved by CRH. This successful debt issuance indicates favorable market conditions and strong credit standing for CRH.
Key Highlights
- 1CRH successfully completed a €600 million bond offering.
- 2The bond has a maturity of 7 years.
- 3The coupon rate on the bond is 1.75%, the lowest ever for CRH.
- 4The offering was completed by CRH Finance Germany GmbH.
- 5CRH's long-term senior debt is rated BBB+ by Standard and Poor's and Baa2 by Moody's.
- 6The filing was made on July 17, 2014, reporting an event date of July 16, 2014.
Frequently Asked Questions
CRH completed a bond offering of €600 million with a 7-year maturity and a coupon rate of 1.75%.
The 1.75% coupon rate is the lowest ever achieved by CRH, suggesting favorable borrowing costs and potentially strong investor demand or credit perception.
CRH's long-term senior debt is rated BBB+ by Standard and Poor's and Baa2 by Moody's.
Bank of China Limited (London Branch), Danske Bank A/S, ING Bank N.V., Société Générale, and The Royal Bank of Scotland plc acted as Joint Lead Managers.