Compagnie de Saint-Gobain Issue of Debt (2609N)
September 26 2012 - 12:19PM
UK Regulatory
TIDMCOD
RNS Number : 2609N
Compagnie de Saint-Gobain
26 September 2012
September 26, 2012
SUCCESSFUL LAUNCH OF A BOND OFFERING:
GBP 250 million, 17 year maturity, coupon 4.625% (4.31% in
EUR)
Compagnie de Saint-Gobain today set the terms of a 17 year bond
issue for an amount of GBP 250 million with an annual coupon of
4.625%.
The issue has been entirely swapped into EUR, resulting in a
financing cost in EUR over the 17 years of 4.31%.
Thanks to this bond issue, Saint-Gobain is refinancing in
advance future debt maturities. By issuing in GBP Saint-Gobain was
able to achieve a diversification of its bond investors base and a
longer maturity compared to the EUR market.
Saint-Gobain's long-term senior debt is rated BBB by Standard
& Poor's and Baa2 by Moody's.
Barclays, HSBC, The Royal Bank of Scotland and Santander GBM
acted as lead managers for this bond issue.
Saint-Gobain, the world leader in the habitat and construction
markets, designs, manufactures and distributes building materials,
providing innovative solutions to the challenges of growth, energy
efficiency and environmental protection. With 2011 sales of more
than EUR42 billion, Saint-Gobain operates in 64 countries and has
nearly 195,000 employees. For more information about Saint-Gobain,
visit www.saint-gobain.com.
* * *
Analyst/Investor relations Press relations
--------------------------------------------- ---------------------------------------------------------------
+33 1 47 62
45 19
+33 1 47 62 +33 1 47 62 30
Florence Triou-Teixeira 44 29 48
Vivien Dardel +33 1 47 62 Sophie Chevallon +33 1 47 62 43
Alexandra Baubigeat 30 93 Susanne Trabitzsch 25
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This information is provided by RNS
The company news service from the London Stock Exchange
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