German company HeidelbergCement, one of the world's largest manufacturers of building materials, this week issued a €300m debt instrument, lending momentum to the tentative re-opening of the market for high-yield bonds.
The seven-year bond issued by Heidelberg Cement Finance, which priced on Wednesday this week, had a coupon of 9.5%. The guarantor, HeidelbergCement, is rated BB by Standard and Poor's, and Ba3 by Moodys.
