Heidelberg Materials place second Green Bond
Company takes another step towards delivering sustainable financing targets with second bond placement
HEIDELBERG Materials have successfully placed their second Green Bond as part of their Green Finance Framework. The issue volume amounts to €500 million with a term until 2031.
Following the first Green Bond placement in June 2024 with a volume of €700 million, Heidelberg Materials say they are taking another important step towards delivering on their sustainable financing targets.
The range of projects financed by the issued Green Bonds span from the modernization of plants, for example to increase the use of alternative fuels, to the expansion of carbon capture technologies.
The Green Bonds further complement Heidelberg Materials’ sustainable financing portfolio and increase the share of sustainable financial instruments. By 2025, the company aims to increase this share to more than 70%.
The 2.6 times oversubscription of the bond demonstrates the confidence of the capital market in the Group’s sustainability strategy. The seven-year Eurobond has a fixed interest rate of 3.375% per year.
