Compagnie de Saint-Gobain Issue of Debt (6124A)
September 12 2018 - 12:49PM
UK Regulatory
TIDMCOD
RNS Number : 6124A
Compagnie de Saint-Gobain
12 September 2018
PRESS RELEASE
September 12, 2018
Saint-Gobain successfully launches a dual tranche
EUR 1 billion bond issue consisting of
EUR 500 million with a 5 year maturity and a 0.875% coupon
EUR 500 million with a 10 year maturity and a 1.875% coupon
With this dual tranche transaction Saint-Gobain takes advantage
of favourable market conditions to lengthen the average maturity of
its debt, optimising at the same time its average cost of
funding.
The final orderbook, split almost equally between the two
tranches, totalled close to EUR 7 billion from over 300 different
investors. This high level of oversubscription underlines the bond
investors' confidence in the credit quality of Saint-Gobain.
Saint-Gobain's long-term senior debt is rated BBB by Standard
& Poor's and Baa2 by Moody's.
Citigroup, Crédit Agricole CIB, Crédit Suisse, NatWest Markets,
Société Générale CIB and SMBC Nikko acted as lead managers for this
bond issue.
ABOUT SAINT-GOBAIN
Saint-Gobain designs, manufactures and distributes materials and
solutions which are key ingredients in the wellbeing of each of us
and the future of all. They can be found everywhere in our living
places and our daily life: in buildings, transportation,
infrastructure and in many industrial applications. They provide
comfort, performance and safety while addressing the challenges of
sustainable construction, resource efficiency and climate
change.
EUR40.8 billion in sales in 2017
Operates in 67 countries
More than 179,000 employees
www.saint-gobain.com
@saintgobain
Analyst/Investor relations Media relations
+33 1 47 62
44 29
+33 1 47 62 +33 1 47 62 30
Vivien Dardel 35 98 10
Floriana Michalowska +33 1 47 62 Laurence Pernot +33 1 47 62
Christelle Gannage 30 93 Susanne Trabitzsch 43 25
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END
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