Compagnie de Saint-Gobain Issue of Debt (6158H)
March 13 2018 - 11:57AM
UK Regulatory
TIDMCOD
RNS Number : 6158H
Compagnie de Saint-Gobain
13 March 2018
PRESS RELEASE
March 13, 2018
Saint-Gobain successfully launches a bond offering for EUR 750
million, 8 year maturity, 1.125% coupon
Compagnie de Saint-Gobain today set the terms of an 8 year bond
issue (maturity March 2026) for an amount of EUR 750 million with
an annual coupon of 1.125%.
Saint-Gobain takes advantage of this operation to lengthen the
average maturity of its debt, optimising at the same time its
average cost of funding.
The final orderbook totalled close to EUR 1.4 billion from over
120 investors, which underlines 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.
BNP Paribas, Deutsche Bank, Goldman Sachs International, ING,
Morgan Stanley and Standard Chartered Bank 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 +33 1 47
Vivien Dardel 62 30 93 62 30 10
Florent Nouveau +33 1 47 Laurence Pernot +33 1 47
Floriana Michalowska 62 35 98 Susanne Trabitzsch 62 43 25
----------------------- ----------- -------------------- -----------
This information is provided by RNS
The company news service from the London Stock Exchange
END
IODFKNDPABKDPND
(END) Dow Jones Newswires
March 13, 2018 12:57 ET (16:57 GMT)
Compagnie De Saint-gobain (LSE:COD)
Historical Stock Chart
From Aug 2024 to Sep 2024
Compagnie De Saint-gobain (LSE:COD)
Historical Stock Chart
From Sep 2023 to Sep 2024