German cement and building materials company HeidelbergCement is to price its EUR300 million, seven-year, high yield bond in the area of 9.625%, one of the banks running the deal said Wednesday.

BNP Paribas SA, Banca IMI, Citigroup Inc., Deutsche Bank AG, ING Bank NV, LBBW, Mediobanca, and Royal Bank of Scotland Group PLC are the lead managers on the deal.

The issuer is rated Ba2 by Moody's Investors Services Inc., and BB by Standard and Poor's Corp.

-By Sarka Halas, Dow Jones Newswires, +44 (0) 207 842 9236;

Sarka.Halasova@dowjones.com

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