Q1 2022 & FY 2021 Results
US$500MM
BBB-
RATING BY
S&P/FITCH
3.614%
FIXED COUPON
DUE
T10 + 185BPS 2032
75BPS
STEP-UP
SUSTAINABILITY LINKED BOND
FIRST ISSUANCE AS AN INVESTMENT GRADE COMPANY
Largest USD SLB by a cement company ever
•
2.8x oversubscribed orderbook
•
Drove a 25bps compression from IPTs to launch
GCC hosted conference calls with over 75 accounts, over a 4-day marketing exercise, while simultaneously
leveraging an electronic roadshow that was viewed by more than 200 unique accounts
Extends GCC debt maturity profile
• Fund the full call redemption of the US$260 million 5.250% notes due 2024
Refinance upcoming bank debt maturities
US$ million
683
500
Cash and
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
Equivalents
GCC
Bank Debt
USD Bonds
27
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