Kingspan makes €750m public bond market debut to fund next leg of growth

Group said demand for the bond was significantly oversubscribed with the initial order book attracting bids in excess of €3.5bn

Pictured Chief Executive Officer of Kingspan Gene Murtagh Photo: Sam Boal/Rollingnews.ie

Cavan-based building materials giant Kingspan has made its debut on the public bond market, announcing senior bond worth €750m.

The Irish insulation specialist said the bond was raised at a fixed coupon of 3.5% per annum on a seven-year term. It is understood that demand for the bond was more than 4.5 times oversubscribed and will provide broader funding options as Kingspan executes the next leg of its global growth.