Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSaint Gobain Or Regulatory News (COD)

  • There is currently no data for COD

Bonds Issue

31 May 2012 17:29

RNS Number : 5783E
Compagnie de Saint-Gobain
31 May 2012
 



 

May 31, 2012

 

 

 

SUCCESSFUL LAUNCH OF A BOND OFFERING:

EUR 750 million, 9 year maturity, annual coupon of 3.625%

 

 

Compagnie de Saint-Gobain today set the terms of a 9 year bond issue for an amount of EUR 750 million with an annual coupon of 3.625%.

 

In a volatile economic environment Saint-Gobain took advantage of favourable conditions on the credit market: the orderbook totalled close to EUR 2.5 billion from over 230 investors. The transaction could therefore be completed within a short time with a higher issuance amount and improved pricing compared to the initial targets.

 

This bond issue, which will be used to finance the general corporate purposes of the group, enables Saint-Gobain to both lengthen the average maturity of its debt and optimise its average cost of funding.

 

The transaction underlines once again bond investors' confidence in the credit quality of Saint-Gobain after the 10 year euro bond issued in March 2012.

 

Saint-Gobain's long-term senior debt is rated BBB by Standard & Poor's and Baa2 by Moody's.

 

Barclays, Citigroup and HSBC, as well as Goldman Sachs International, Mizuho and Unicredit acted as lead managers for this bond issue.

 

 

Saint-Gobain, the world leader in the habitat and construction markets, designs, manufactures and distributes building materials, providing innovative solutions to the challenges of growth, energy efficiency and environmental protection. With 2011 sales of more than €42 billion, Saint-Gobain operates in 64 countries and has nearly 195,000 employees. For more information about Saint-Gobain, visit www.saint-gobain.com.

 

 

 

Analyst / Investor Relations

 

 

Press Contact

 

 

Florence Triou-Teixeira

Vivien Dardel

Alexandra Baubigeat

 

+33 1 47 62 45 19

+33 1 47 62 44 29

+33 1 47 62 30 93

 

 

Sophie Chevallon Susanne Trabitzsch

 

+33 1 47 6230 48

+33 1 47 6243 25

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCABMFTMBTJBIT
Date   Source Headline
17th Jan 20135:31 pmRNSNew facility
17th Jan 20135:27 pmRNSDisposal
14th Jan 20137:00 amRNSDisposal
7th Dec 20125:34 pmRNSCredit facility
30th Oct 20124:58 pmRNSNew plant
25th Oct 20125:48 pmRNS1st Quarter Results
16th Oct 20125:56 pmRNSAgreement-Memorandum in solar energy
8th Oct 20126:09 pmRNSFinal Terms
8th Oct 20126:05 pmRNSFinal Terms
8th Oct 20126:05 pmRNSFinal Terms
8th Oct 20126:03 pmRNSFinal Terms
26th Sep 20125:19 pmRNSIssue of Debt
20th Sep 20125:11 pmRNSAcquisition
19th Sep 20122:26 pmRNSMTN Programme Base Prospectus
14th Aug 20123:00 pmRNSMerger Update
2nd Aug 20123:22 pmRNSHalf Yearly Report
27th Jul 20127:00 amRNSHalf Yearly Report
27th Jun 20126:08 pmRNSPublication of Final Terms
27th Jun 20126:07 pmRNSFinal Terms
22nd Jun 20123:00 pmRNSMerger Update
20th Jun 201211:00 amRNSMerger Update
14th Jun 20124:51 pmRNSFinal Terms
8th Jun 20127:59 amRNSAcquisition
8th Jun 20127:00 amRNSAGM Statement
6th Jun 20127:00 amRNSFinal Terms
1st Jun 20125:17 pmRNSCancellation of shares
31st May 20125:29 pmRNSBonds Issue
16th May 20122:48 pmRNSFinal Terms
9th May 20129:52 amRNSAcquisition
3rd May 20124:50 pmRNS1st Quarter Results
30th Mar 20129:16 amRNSDisposal
27th Mar 20124:02 pmRNSPublication of Final Terms
14th Mar 20124:51 pmRNSIssue of Debt
5th Mar 20128:48 amRNSPublication of Prospectus
2nd Mar 201210:01 amRNSFY 2011 Consolidated Financial Statements
19th Jan 20128:39 amRNSFinal Terms EUR100M 4,5% Notes Tranche 3
19th Jan 20128:38 amRNSFinal Terms 4.5% Bonds Tranche4
18th Jan 20123:17 pmRNSFinal Terms of 2019 MTN Programme
14th Dec 20114:53 pmRNSAcquisition
30th Nov 20114:49 pmRNSAcquisition
25th Oct 20115:10 pmRNSThird Quarter Sales Results
30th Sep 20117:00 amRNSFinal Terms
30th Sep 20117:00 amRNSFinal terms
21st Sep 20115:04 pmRNSIssue of Debt
31st Aug 20114:54 pmRNSNew plant
18th Aug 201111:04 amRNSSupplement n°1 to MTN Prospectus
5th Aug 20117:00 amRNSH1-2001 Financial Report, incl. statements
28th Jul 20115:40 pmRNSHalf Yearly Report
27th Jul 20114:59 pmRNSAcquisition
20th Jul 20117:56 amRNSDevelopment

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.