Compagnie de Saint-Gobain Issue of Debt (8821J)

TIDMCOD

RNS Number : 8821J

Compagnie de Saint-Gobain

14 September 2016

PRESS RELEASE

September 14, 2016

Saint-Gobain successfully launches a bond Offering

for EUR 1 Billion, 3 1/2 year maturity, 0% coupon

Compagnie de Saint-Gobain today set the terms of a 3 1/2 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.

EUR39.6 billion in sales in 2015

Operates in 67 countries

More than 170,000 employees

www.saint-gobain.com

@saintgobain

 
 
      Analyst/Investor relations             Media relations 
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                      +33 1 47 62 
                       32 52 
                       +33 1 47 62 
 Gaetano Terrasini     44 29 
  Vivien Dardel        +33 1 47 62                        +33 1 47 
  Florent Nouveau      30 93         Susanne Trabitzsch    62 43 25 
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This information is provided by RNS

The company news service from the London Stock Exchange

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September 15, 2016 02:00 ET (06:00 GMT)