Successful launch of a 4 year, €750 million bond offering (annual coupon of 6%)

Compagnie de Saint-Gobain today set the terms of its new EUR 750 million 4 year bond issue with an annual coupon of 6.00%.

This bond issue will serve to refinance existing debt.

The strong demand generated by this operation (with an orderbook over EUR 8 billion after less than an hour, from more than 500 investors) enabled Saint-Gobain to achieve within a short time a very satisfactory cost level for this issue.

The transaction underlines bond investors’ confidence in the credit quality of Saint-Gobain, whose last issuance on the Euro bond market took place in January 2009.

Saint-Gobain’s long-term senior debt is rated BBB+ by Standard & Poor’s and Baa1 by Moody’s.

Banco Bilbao Vizcaya Argentaria S.A., The Royal Bank of Scotland, Banco Santander and Société Générale Corporate & Investment Banking acted as lead managers for this bond issue.

600450 Successful launch of a 4 year, €750 million bond offering (annual coupon of 6%)
Date: 13 May 2009
Source: Saint-Gobain

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