Saint-Gobain Successfully Launches a Bond Offering for EUR 1 Billion, 3 ½ Year Maturity, 0% Coupon

14 Sep, 2016, 13:46 ET from Saint-Gobain

PARIS, September 14, 2016 /PRNewswire/ --

Compagnie de Saint-Gobain today set the terms of a 3 ½ year bond issue for an amount of EUR 1 billion with an annual coupon of 0%.

Saint-Gobain took advantage of the favourable conditions on the credit market to optimize its average cost of funding with a 0% coupon.

The orderbook totalled around EUR 2,6 billion from about 150 investors, which underlines 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.

Crédit Agricole CIB, J.P. Morgan and Société Générale CIB, as well as Banca IMI and CM-CIC 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. 

€39.6 billion in sales in 2015
Operates in 67 countries
More than 170,000 employees 

http://www.saint-gobain.com
@saintgobain

Analyst/Investor relations                  

Gaetano Terrasini
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Vivien Dardel
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Florent Nouveau
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SOURCE Saint-Gobain