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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0.30 | -0.36% | 82.10 | 78.00 | 86.20 | 226,437 | 16:35:22 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Construction Machinery & Eq | 47.94B | 2.67B | - | N/A | 42.21B |
TIDMCOD
RNS Number : 6925O
Compagnie de Saint-Gobain
21 September 2011
September 21, 2011
SUCCESSFUL LAUNCH OF A DUAL-TRANCHE BOND OFFERING:
EUR 1000 million, 4 year maturity, annual coupon of 3.50%
EUR 750 million, 8 year maturity, annual coupon of 4.50%
Compagnie de Saint-Gobain today set the terms of a dual-tranche bond issue for a total amount of EUR 1.75 billion with an average maturity of around 6 years and an average annual coupon of around 4%.
The strong demand generated by this operation (with an orderbook for the two tranches of over EUR 7 billion from close to 400 investors) enabled Saint-Gobain to complete the issue within a short time with a higher size and an improved pricing compared to the initial targets.
This bond issue, which will mainly serve to refinance existing debt, enables Saint-Gobain to both lengthen the average maturity of its debt and optimize its average cost of funding.
The transaction underlines bond investors' confidence in the credit quality of Saint-Gobain, whose last offering on the euro bond market took place in September 2010.
Saint-Gobain's long-term senior debt is rated BBB by Standard & Poor's and Baa2 by Moody's.
Credit Agricole Corporate & Investment Banking,J.P.Morgan, The Royal Bank of Scotland and Societe Generale Corporate & Investment Banking acted as lead managers for this bond issue.
Located in 64 countries with nearly 190,000 employees, Saint-Gobain, the world leader in the habitat and construction markets, designs, manufactures and distributes building materials, providing innovative solutions to meet growing demand for energy efficiency and for environmental protection.
Analyst/Investor relations Press relations ------------------------------------------ --------------------------------- Florence TRIOU-TEIXERA +33 1 47 62 Sophie CHEVALLON +33 1 47 62 30 45 19 48 Etienne HUMBERT +33 1 47 62 30 49 Vivien DARDEL +33 1 47 62 44 29 ------------------------------------------ ---------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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