Issue of Debt

RNS Number : 2145M
Compagnie de Saint-Gobain
10 January 2023
 

 

 


SAINT-GOBAIN SUCCESSFULLY PRICED A DOUBLE TRANCHE

EUR 1.15 BILLION BOND ISSUE CONSISTING OF:

 

· EUR 500 million floating rate notes with an 18 month maturity and a 3 months Euribor +0.20% coupon

· EUR 650 million fixed rate notes with a 6 year maturity and a 3.50% coupon

 

With this transaction Saint-Gobain took advantage of favorable market conditions to anticipate the refinancing of its debt maturities, while optimizing its future financing costs.

 

The bonds were over 2.5 times oversubscribed with close to 200 investors demonstrating confidence in the Group's credit quality.

 

This success underlines the relevance of Saint-Gobain's strategic positioning as worldwide leader in light and sustainable construction, the strong execution of its "Grow & Impact" strategy and its excellent financial performance.

 

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

 

Global coordinators BofA Securities and HSBC, as well as CaixaBank, Crédit Industriel et Commercial, Credit Suisse, Intesa Sanpaolo S.p.A., Morgan Stanley, MUFG, RBC Capital Markets and Santander, 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".

 

€44.2 billion in sales in 2021

166,000 employees, locations in 76 countries

Committed to achieving Carbon Neutrality by 2050

 

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

Rounded Rectangle: 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 Susanne Trabitzsch: +33 1 88 54 27 96  

 

 

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