Issue of Debt

RNS Number : 8152C

Compagnie de Saint-Gobain

05 September 2008

 



September 5, 2008

SUCCESSFUL LAUNCH OF A 5 YEAR, EUR 750 MILLION

BOND OFFERING (annual coupon of 7.25%)

Compagnie de Saint-Gobain, whose long-term senior debt is rated BBB+ by Standard & Poor's and Baa1 by Moody's, set yesterday the terms of its new benchmark bond issue denominated in Euros.

Despite challenging market conditions the issue was well received by a diversified set of quality investors, which allowed the spread to be set at the bottom of the initial price-guidance and the size of the issue to meet the issuer's target.

This transaction underlines bond investors' confidence in the credit quality of Saint-Gobain, whose last issuance on the Euro bond market took place in April 2007.

The proceeds will be used to refinance existing debt and for general corporate purposes.

BNP Paribas, Calyon, J.P. Morgan and The Royal Bank of Scotland acted as lead managers for this bond issue.

Investor Relations Department                         Press contact

Florence Triou-Teixera     [phone]        Sophie Chevallon [phone]

Vivien Dardel                     [phone]

 

END

 

 

IODFKPKKOBKKBCK