(Bloomberg) — LafargeHolcim Ltd., the worlds largest cement maker, is selling euro-denominated bonds to finance a debt buyback.
The company is offering seven-year, 12-year and 20-year notes, according to a person familiar with the matter who asked not to be identified because theyre not authorized to speak publicly.
LafargeHolcim intends to buy back debt to lengthen its average maturity and to cut borrowing costs, it said in a statement. Corporate borrowing costs in the single currency have fallen to near the lowest in a year, helped by the European Central Banks bond-buying program.
Spokespeople at the Zurich-based cement maker couldnt immediately be reached for comment on …
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