Successful launch of a five and a half year, €1 billion bond offering

Date: 22 January 2009
Source: Saint-Gobain
Compagnie de Saint-Gobain on Jan. 14, 2009 set the terms of its new EUR 1 billion 5 ½ year bond issue with an annual coupon of 8.25%.This bond issue will serve to refinance existing debt and will allow Saint-Gobain to increase the average maturity of its debt.

The transaction underlines bond investors' confidence in the credit quality of Saint-Gobain, whose last issuance on the Euro bond market took place in September 2008.

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

BNP Paribas, CALYON Crédit Agricole CIB, J.P.Morgan and Société Générale Corporate & Investment Banking acted as lead managers for this bond issue, with BBVA, Banco Santander, Citi and Commerzbank Corporate and Markets acting as co-lead managers.

600450 Successful launch of a five and a half year, €1 billion bond offering glassonweb.com

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