Trade Resources Industry Views French Cement Maker Lafarge SA Is Planning to Sell a Seven-Year, Euro-Denominated Bond

French Cement Maker Lafarge SA Is Planning to Sell a Seven-Year, Euro-Denominated Bond

French cement maker Lafarge SA (LG. FR) is planning to sell a seven-year, euro-denominated bond, one of the banks running the sale said Monday. Initial price guidance has been set in the area of 6.25%. BNP Paribas, Credit Agricole, HSBC, RBS and Societe Generale are lead managers on the deal. The issuer s credit has junk-status ratings, with Ba1 from Moody s Investors Service and BB+ from Standard and Poor s Corp. Source: uaecement

Source: http://www.uaecement.com/newsDetail.aspx?id=577
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Lafarge plans 7- Year benchmark euro bond
Topics: Construction