RNS Number : 6739Y
Compagnie de Saint-Gobain
31 July 2024
 

 

 

SAINT-GOBAIN has SUCCESSFULLY PRICED A DOUBLE TRANCHE
EUR 1.5 BILLION BOND ISSUE CONSISTING OF:

·   EUR 800 million with a   5-year maturity and a 3.25% coupon

·   EUR 700 million with a 12-year maturity and a 3.625% coupon

 

 

 

With this transaction Saint-Gobain has taken advantage of favorable market conditions to anticipate its upcoming refinancing needs, while increasing the average maturity of its debt at optimized financing conditions.

 

The bonds were about 3 times oversubscribed with over 200 investors demonstrating confidence in the Group's credit quality.

 

Saint-Gobain's long-term senior debt is rated BBB+ (stable outlook) by Standard & Poor's and Baa1 (stable outlook) by Moody's.

 

BofA Securities and CIC Market Solutions acted as global coordinators and bookrunners, while Commerzbank, Goldman Sachs Bank Europe SE, Morgan Stanley, RBC Capital Markets, SMBC and UniCredit also acted as bookrunners on this bond issue.

 

 

About Saint-Gobain

Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group's commitment is guided by its purpose, "MAKING THE WORLD A BETTER HOME".

 

€47.9 billion in sales in 2023

160,000 employees, locations in 76 countries

Committed to achieving net zero carbon emissions by 2050

 

For more information about Saint-Gobain, visit www.saint-gobain.com and follow us on X @saintgobain


Analyst/investor relations

Press relations

Vivien Dardel:

+33 1 88 54 29 77

Patricia Marie:

+33 1 88 54 26 83

Floriana Michalowska:

+33 1 88 54 19 09

Laure Bencheikh:

+33 1 88 54 26 38

Alix Sicaud:

+33 1 88 54 38 70

Yanice Biyogo: 

  +33 1 88 54 27 96

James Weston: 

+33 1 88 54 01 24

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
IODQKDBKOBKDAON
Compagnie De Saint-gobain (LSE:COD)
Historical Stock Chart
From Jul 2024 to Aug 2024 Click Here for more Compagnie De Saint-gobain Charts.
Compagnie De Saint-gobain (LSE:COD)
Historical Stock Chart
From Aug 2023 to Aug 2024 Click Here for more Compagnie De Saint-gobain Charts.