SAINT-GOBAIN (EPA:SGO) - Saint-Gobain successfully launches a dual tranche EUR 1 billion issue consisting of EUR 500 million with a 5 year maturity and a 0.875% coupon and EUR 500 million with a 10 year maturity and a 1.875% coupon
Transparency directive : regulatory news
12/09/2018 18:37
Click here to download pdf version
PRESS RELEASESeptember 12, 2018
SAINT-GOBAIN SUCCESSFULLY LAUNCHES A DUAL TRANCHE EUR 1 BILLION BOND ISSUE
CONSISTING OF
EUR 500 MILLION WITH A 5 YEAR M ATURITY AND A 0.875% COUPON
EUR 500 MILLION WITH A 10 YEAR M ATURITY 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.
EUR40.8 billion in sales in 2017
Operates in 67 countries
More than 179,000 employees
www.saint-gobain.com
@saintgobain
Analyst/Investor relations
Vivien Dardel +33 1 47 62 44 29
Floriana Michalowska +33 1 47 62 35 98
Christelle Gannage +33 1 47 62 30 93
Media relations
Laurence Pernot +33 1 47 62 30 10
Susanne Trabitzsch +33 1 47 62 43 25
SAINT-GOBAIN's latest news
05/04/2024 18:11
03/04/2024 19:06
03/04/2024 17:59
26/03/2024 18:47
18/03/2024 17:39
15/03/2024 08:00
14/03/2024 08:01
12/03/2024 18:51
11/03/2024 17:45
11/03/2024 17:39
Other stories
16/04/2024 12:27
16/04/2024 09:48
16/04/2024 10:04
16/04/2024 10:59
15/04/2024 21:57
16/04/2024 05:00
16/04/2024 00:10
15/04/2024 22:02
15/04/2024 14:26
16/04/2024 05:01
16/04/2024 12:11
16/04/2024 04:15
15/04/2024 20:56
16/04/2024 00:48
16/04/2024 11:17
16/04/2024 09:00
16/04/2024 09:33
16/04/2024 09:18
16/04/2024 11:24
15/04/2024 18:33
14/04/2024 16:00
15/04/2024 13:08
16/04/2024 00:22
15/04/2024 13:26
16/04/2024 12:00
15/04/2024 21:30
16/04/2024 09:58
16/04/2024 09:00
15/04/2024 21:01
16/04/2024 10:31
16/04/2024 09:43
16/04/2024 07:15
16/04/2024 09:15
15/04/2024 22:37
16/04/2024 03:29
15/04/2024 16:45
16/04/2024 02:53
16/04/2024 11:00