Issue of Debt

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.

€40.8 billion in sales in 2017

Operates in 67 countries

More than 179,000 employees

www.saint-gobain.com 
@saintgobain

Analyst/Investor relations		Media relations
Vivien Dardel Floriana Michalowska Christelle Gannage	[phone]  [phone]  [phone]	Laurence Pernot Susanne Trabitzsch	[phone]  [phone]

 

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