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Pin to quick picksSaint Gobain Or Regulatory News (COD)

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Issue of Debt

10 Jan 2023 07:06

RNS Number : 2145M
Compagnie de Saint-Gobain
10 January 2023
 

 

 

SAINT-GOBAIN SUCCESSFULLY PRICED A DOUBLE TRANCHE

EUR 1.15 BILLION BOND ISSUE CONSISTING OF:

 

· EUR 500 million floating rate notes with an 18 month maturity and a 3 months Euribor +0.20% coupon

· EUR 650 million fixed rate notes with a 6 year maturity and a 3.50% coupon

 

With this transaction Saint-Gobain took advantage of favorable market conditions to anticipate the refinancing of its debt maturities, while optimizing its future financing costs.

 

The bonds were over 2.5 times oversubscribed with close to 200 investors demonstrating confidence in the Group's credit quality.

 

This success underlines the relevance of Saint-Gobain's strategic positioning as worldwide leader in light and sustainable construction, the strong execution of its "Grow & Impact" strategy and its excellent financial performance.

 

Saint-Gobain's long-term senior debt is rated BBB (positive outlook) by Standard & Poor's and Baa1 (stable outlook) by Moody's.

 

Global coordinators BofA Securities and HSBC, as well as CaixaBank, Crédit Industriel et Commercial, Credit Suisse, Intesa Sanpaolo S.p.A., Morgan Stanley, MUFG, RBC Capital Markets and Santander, acted as bookrunners on this bond issue.

 

 

ABOUT SAINT-GOBAIN

Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufacturesand distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, light construction and the decarbonizationof construction and industry are developed through a continuous innovation process and provide sustainability and performance. The Group's commitment is guided by its purpose,"MAKING THE WORLD A BETTER HOME".

 

€44.2 billion in sales in 2021

166,000 employees, locations in 76 countries

Committed to achieving Carbon Neutrality by 2050

 

For more information about Saint-Gobain,visit www.saint-gobain.com and follow us on Twitter @saintgobain

 

 

 

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Date   Source Headline
15th Jan 20092:03 pmRNSIssue of Debt
12th Nov 200812:26 pmRNSDecision of the European Commission
28th Oct 20085:09 pmRNSExtension of credit facility
22nd Oct 20085:32 pmRNSSales for the First 9 Months 2008
5th Sep 20088:03 amRNSIssue of Debt
24th Jul 20086:06 pmRNSInterim Results
15th Jul 200810:07 amRNSOffer Update
4th Jul 20089:08 amRNSDirectorate Change
3rd Jul 20081:29 pmRNSCancellation and De-listing
1st Jul 20087:00 amRNSOffer Update
23rd Jun 20085:19 pmRNSNew plant in India
20th Jun 20087:13 amRNSOffer Update
10th Jun 20087:00 amRNSOffer Update
6th Jun 20088:05 amRNSAcquisition
6th Jun 20088:04 amRNSAGM Statement
29th May 20084:18 pmRNSNotice of EGM
29th May 200810:16 amRNSProduct Launch
20th May 20088:01 amRNSOffer Document Posted
7th May 20084:59 pmRNSOffer for Gibbs & Dandy PLC
22nd Apr 20085:12 pmRNS1st Quarter Results
25th Mar 20087:00 amRNSRe Agreement
25th Mar 20087:00 amRNSAcquisition
25th Mar 20087:00 amRNSFinal Results
17th Mar 20087:00 amRNSAcquisition
25th Jan 20084:22 pmRNSAnnual Report and Accounts
21st Dec 20078:51 amRNSAcquisition
26th Nov 20075:12 pmRNSRe Joint Venture
8th Nov 20075:10 pmRNSAcquisition
2nd Nov 20078:49 amRNSDisposal
24th Oct 20077:00 amRNS3rd Quarter Results
7th Aug 20077:46 amRNSAcquisition
27th Jul 20075:20 pmRNSDisposal
27th Jul 20077:00 amRNSInterim Results
18th Jul 20077:30 amRNSAcquisition
17th Jul 200712:53 pmRNSDisposal
26th Apr 20075:20 pmRNS1st Quarter Results
23rd Apr 20078:23 amRNSRe Joint Venture
11th Apr 20076:01 pmRNSAcquisition
28th Mar 20078:40 amRNSIssue of Debt
23rd Mar 20076:00 pmRNSFinal Results
21st Feb 20077:46 amRNSRe Joint Venture
19th Feb 20075:43 pmRNSNew Plant
13th Feb 20078:00 amRNSAcquisition
26th Jan 20073:53 pmRNSInterim Results
21st Dec 20065:12 pmRNSAdditional Listing
3rd Nov 20068:53 amRNSIssue of Debt
24th Oct 20065:17 pmRNS3rd Quarter Results
6th Sep 20068:08 amRNSAcquisition
6th Sep 20068:05 amRNSAcquisition
28th Jul 200612:10 pmRNSInterim Results

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