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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Compagnie De Saint-gobain | LSE:COD | London | Ordinary Share | FR0000125007 | COMPAGNIE DE ST-GOBAIN ORD SHS |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.20 | -0.28% | 70.725 | 67.25 | 74.20 | 791,647 | 16:35:14 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Construction Machinery & Eq | 47.94B | 2.67B | - | N/A | 0 |
TIDMCOD
RNS Number : 0068I
Compagnie de Saint-Gobain
30 March 2020
PRESS RELEASE
March 30, 2020
Saint-Gobain FURTHER REINFORCES ITS financing:
EUR1.5 billion bond issue and
syndicated credit line adjusted to EUR2 billion
On March 26, Saint-Gobain launched a dual tranche EUR1.5 billion bond issue consisting of:
-- EUR750 million with a 3 year maturity and a 1.75% coupon
-- EUR750 million with a 7 1/2 year maturity and a 2.375% coupon
Despite the volatile context, the final order book totalled over EUR8 billion from over 300 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.
BNP Paribas, CA-CIB, Citi, J.P. Morgan, Natixis and Société Générale acted as bookrunners for this bond issue.
This transaction enables Saint-Gobain to further reinforce its liquidity, with longer maturity debt. Following the bond issue, the syndicated credit line announced on March 23 will be reduced from EUR2.5 billion to EUR2.0 billion. With these two transactions Saint-Gobain secures EUR3.5 billion in new financing, compared to EUR2.5 billion as of March 23.
This new financing is in addition to the confirmed and undrawn back-up credit lines of EUR4.0 billion and access to the Pandemic Emergency Purchase Program (PEPP) launched by the European Central Bank.
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.
EUR42.6 billion in sales in 2019
Operates in 68 countries
More than 170,000 employees
For more information about Saint-Gobain
Visit www.saint-gobain.com
and follow us on Twitter @saintgobain
Analyst/Investor relations Press relations +33 1 47 62 +33 1 47 62 30 44 29 10 +33 1 47 62 +33 1 47 62 Vivien Dardel 35 98 Laurence Pernot 51 37 Floriana Michalowska +33 1 47 62 Patricia Marie +33 1 47 62 Christelle Gannage 30 93 Susanne Trabitzsch 43 25 ----------------------- -------------- -------------------- ---------------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
March 30, 2020 02:07 ET (06:07 GMT)
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