CRH PLC
08 September 2006
September 8 2006
CRH ANNOUNCES SUCCESSFUL US$1.75 BILLION GLOBAL BOND OFFERING
CRH America, Inc., a wholly owned subsidiary of CRH plc, successfully priced its
third US$ Global bond offering yesterday afternoon in New York. The offering
consists of 10-year and 5-year notes. The US$1.25 billion 10-year notes were
priced at a spread of 1.3% above the 10-year US Treasury and have a coupon of
6.0%. The US$500 million 5-year notes were priced at 0.92% above the 5-year US
Treasury and have a coupon of 5.625%. Due to strong investor demand, the total
offering was increased from US$1.25 billion. Over 130 institutional investors
from North America and Europe participated in the transaction. The proceeds of
the offering are intended to be used to refinance short-term bank debt,
potentially including debt used to finance the recent purchase of APAC, and for
general corporate purposes which may include acquisitions. The notes are
registered with the Securities and Exchange Commission (SEC) and are intended to
be listed on the NYSE.
Myles Lee, Finance Director at CRH said: 'CRH's previous US$ global bond
offerings, both of which raised US$1 billion, were completed in March 2002 and
September 2003. We are delighted with the very strong investor response to this
third offering of US$1.75 billion which enables CRH to extend its debt maturity
profile and to expand its investor base.'
Citigroup, JPMorgan, RBS Greenwich Capital and UBS acted as joint book-runners
on this transaction.
A final prospectus relating to the notes, when available, may be obtained by
writing to or telephoning: Citigroup Global Markets Inc., 388 Greenwich Street,
New York, NY 10013, U.S.A., +1-877-858-5407.
A registration statement relating to these securities has been filed with the
Securities and Exchange Commission. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy securities, nor shall there
be any sale of these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction.
Contact : +353 (0) 1 404 1000
Liam O'Mahony Chief Executive
Myles Lee Finance Director
Rossa McCann Group Treasurer
CRH plc, Belgard Castle, Clondalkin, Dublin 22, Ireland
TELEPHONE +353.1.4041000 FAX +353.1.4041007 E-MAIL mail@crh.com WEBSITE
www.crh.com
Registered Office, 42 Fitzwilliam Square, Dublin 2, Ireland
This information is provided by RNS
The company news service from the London Stock Exchange
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