Last checked at 6 Mar 2019 17:34
PRESS RELEASE
March 6, 2019
Saint-Gobain successfully launches a dual tranche
EUR 1.5 billion bond issue consisting of
EUR 750 million with a 5 year maturity and a 0.625% coupon
EUR 750 million with a 12 year maturity and a 1.875% coupon
With this dual tranche transaction Saint-Gobain takes advantage of favourable market conditions to lengthen the average maturity of its debt, optimising at the same time its average cost of funding.
This success underlines the 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.
The global coordinators HSBC and J.P. Morgan, as well as Banca IMI, CM-CIC, MUFG and Santander, acted as bookrunners 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.
€41.8 billion in sales in 2018
Operates in 67 countries
More than 180,000 employees
www.saint-gobain.com @saintgobain
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