COD Compagnie De Saint-gobain

RNS Number:8608T
Compagnie de Saint-Gobain
28 March 2007



                                                                  March 28, 2007

Press release


                     SUCCESSFULL LAUNCH OF A DUAL-TRANCHE EUR
                     2.5 BILLION BOND OFFERING CONSISTING OF

            - A EUR 1,250 Mn tranche, 5-year maturity, floating rate
                    Quarterly coupon of Euribor 3-months + 25bp

            - A EUR 1,250  Mn tranche, 10-year maturity, fixed rate
                            Annual coupon of 4.75%



Compagnie de Saint-Gobain, whose long-term senior debt is rated BBB+ by Standard
& Poor's and Baa1 by Moody's, set yesterday the terms of its new benchmark bond
issue denominated in Euros.


The dual-tranche issue was particularly well received by investors. Due to the
volume and quality of investor demand (orderbook over EUR 6 Bn), the respective
spreads at launch were set at the bottom of the initial price-guidance
(respectively 28bp and 50bp over mid-swap rate on the 5 and 10 year tranche),
and the final size of the bond issue was increased from initial Euro1.5Bn to
Euro2.5Bn. This transaction underlines bond investors' confidence in the credit
quality of Saint-Gobain, whose last issuance on the Euro bond market was in May
2006.


Placement was made across a diversified basis of investors, as indicated below:


                             5-year tranche           10-year tranche

- France                           27%                     30%

- UK                               30%                     25%

- Germany/Austria                  22%                     16%
                                        
- Benelux                           2%                     13%

- Italy/Iberia                     11%                      5%


- Asset managers                   36%                     35%

- Insurance/Pension Funds           6%                     32%

- Banks                            53%                     30%


This bond issue is the largest ever done by Saint-Gobain. The proceeds will be
used to refinance existing debt and for general corporate purposes.


ABN AMRO, Citigroup, Dresdner Kleinwort and SG CIB acted as lead managers for
this bond issue.

Investor Relations department


Florence Triou-Teixeira     Tel.: +33 1 47 62 45 19

Alexandre Etuy              Tel.: +33 1 47 62 37 15

                            Fax: +33 1 47 62 50 62


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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