SAINT-GOBAIN SUCCESSFULLY PRICED A DOUBLE TRANCHE
EUR 2 BILLION BOND ISSUE CONSISTING OF:
· EUR 1 billion with a 3-year maturity and a 3.75% coupon
· EUR 1 billion with a 7-year maturity and a 3.875% coupon
With this transaction Saint-Gobain took advantage of favorable market conditions to anticipate the refinancing of upcoming bond maturities, while optimizing its financing costs.
The bonds were about 2 times oversubscribed with about 200 investors demonstrating confidence in the Group's credit quality.
Saint-Gobain's long-term senior debt is rated BBB+ (stable outlook) by Standard & Poor's and Baa1 (stable outlook) by Moody's.
Citi and Natixis acted as global coordinators and bookrunners, while Barclays, BBVA, Deutsche Bank, Danske Bank, JP Morgan, La Banque Postale, Mizuho and NatWest Markets, also acted as bookrunners on this bond issue.
Analyst/investor relations |
Press relations |
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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 |
Flavio Bornancin-Tomasella : |
+33 1 88 54 27 96 |
James Weston: |
+33 1 88 54 01 24 |
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