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%) glassonweb.com

See more news about:

Others also read

Sika, the Burkard family and Saint-Gobain have signed agreements which terminate and resolve their dispute to the common benefit of all parties involved and that of their respective shareholders and stakeholders.
Saint-Gobain Acquires Italian Company Logli Massimo
Saint-Gobain strengthens its glass solutions portfolio.
Mr. Pierre-André de Chalendar
Compagnie de Saint-Gobain’s Board of Directors decides to propose the renewal of the Director’s term of office of Mr. Pierre-André de Chalendar and to co-opt Ms. Dominique Leroy, CEO of Proximus, as an independent Director.
Wicona provides innovative structural glazing solutions to One Bedford Avenue
WICONA, the specialist manufacturer of glazing and glass curtain walling, has worked with specialist contractor GLASSOLUTIONS to deliver the glazing and facades package for One Bedford Avenue, a flagship mixed use development in Central London.
Windows, Doors & Facades 2017: A continuing success story
The fair in Dubai is the central meeting place for worldwide manufacturers and distributors of window, door and facade products.
Providing a clear and safer vision: A new glass solution for LNG Carriers
Vetrotech Saint-Gobain, introduces THERMOVIT© PRO A0, an electrically heated glass solution with A0 fire-resistance in line with IGC International Code for Liquefied Natural Gas (LNG) Carriers.

Add new comment