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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.

Investment banking deal of the week: HeidelbergCement's €300m bond

The German building materials manufacturing company this week issued a €300m bond into a fragile high-yield market, making it Financial News's deal of the week

Matt Turner

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Hedge fund Discovery Capital extends year-to-date returns to almost 18%

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Milbank hires private equity M&A rising star in Germany

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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White House Preps Order to Punish Banks That Discriminate Against Conservatives

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