The group issued a 10-year $900m bond with a coupon of 3.95pc and a 30-year $600m bond with a coupon of 4.5pc. In addition the group announced the early redemption of its 8.125pc guaranteed notes due in July 2018. Read more: Boucher joins board of CRH as profits hit a record €3.3bn In May last year $362.13m of the issued notes were redeemed by CRH America as part of a normal liability management exercise. These 2018 notes represent CRH’s most expense debt funding in the public bond market and will help to reduce the group’s average cost of debt, Davy analysts said. Shares in CRH opened down 0.52pc on the Irish Stock Exchange this morning.

Source: Irish Independent March 28, 2018 07:41 UTC