Compagnie de Saint-Gobain Issue of Debt (0921S)
07 March 2019 - 4:34AM
UK Regulatory
TIDMCOD
RNS Number : 0921S
Compagnie de Saint-Gobain
06 March 2019
PRESS RELEASE
March 6, 2019
Saint-Gobain successfully launches a dual tranche
EUR 1.5 billion bond issue consisting of
EUR 750 million with a 5 year maturity and a 0.625% coupon
EUR 750 million with a 12 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.
This success 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.
The global coordinators HSBC and J.P. Morgan, as well as Banca
IMI, CM-CIC, MUFG and Santander, acted as bookrunners 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.
EUR41.8 billion in sales in 2018
Operates in 67 countries
More than 180,000 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
Vivien Dardel 35 98 30 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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