SAINT-GOBAIN (EPA:SGO) - Saint-Gobain successfully launches a EUR 1.5 billion bond issue
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06/03/2019 18:24
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PRESS RELEASE
March 6, 2019
SAINT-GOBAIN SUCCESSFULLY LAUNCHES A DUAL TRANCHE EUR 1.5 BILLION BOND ISSUE
CONSISTING OF
EUR 750 MILLION WITH A 5 YEAR MATURITY AND A 0.625% COUPON
EUR 750 MILLION WITH A 12 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.
This success 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.
The global coordinators HSBC and J.P. Morgan, as well as Banca IMI, CM-CIC,
MUFG and Santander, acted as bookrunners 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.
EUR41.8 billion in sales in 2018
Operates in 67 countries
More than 180,000 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