Press Releases


Filter by year:


CRH announces successful $1 billion global bond offering

14 March 2002

CRH America, Inc., a wholly owned subsidiary of CRH plc, successfully completed its debut US$ Global bond offering yesterday afternoon in New York. The $1 billion 10-year notes priced at a spread of 170 bps over the 10-year US Treasury. The notes have a coupon of 6.95%. Due to strong investor demand, the offering was upsized from $750 million. CRH was also able to price at a spread tighter than the original price guidance. The transaction is the largest corporate bond ever issued by an Irish company, and it is also one of the largest bonds ever issued in the building materials industry worldwide. Over 110 institutional investors from North America and Europe participated in the transaction. The proceeds of the offering will be used to refinance bank debt and for general corporate purposes. The notes are registered with the SEC.

Harry Sheridan, Finance Director at CRH said: "We are very pleased with the investor response to our debut US$ global bond. The transaction fits our strategy of extending our debt maturity profile, while expanding our investor base."

JPMorgan and Salomon Smith Barney acted as joint bookrunners on this transaction.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities either in the United States or any other jurisdiction, 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. Any public offering of the securities in the United States is being made solely by means of a prospectus supplement to the prospectus included in the Registration Statement filed by CRH plc and CRH America, Inc and previously declared effective.


Contact CRH at Dublin: +353 (0) 1 404 1000

Liam O’Mahony Chief Executive
Harry Sheridan Finance Director
Myles Lee General Manager - Finance

All news