Kier chief executive Haydn Mursell, of Kier, said: "We are delighted with the strong support shown by investors. Kier has used the US private placement market since 2003 to diversify the sources and maturities of its debt funding.
“With a significant proportion of our debt now at a fixed rate and committed for at least the next five years, we have successfully reduced our exposure to any increase in interest rates over the longer-term."
The placement comprises both sterling and dollar notes, with maturities of between seven and 10 years and a blended interest rate of approximately 4.5%.
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