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15 Jan 2009 14:03
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January 14, 2009
SUCCESSFULĀ LAUNCH OF AĀ 5Ā 1/2Ā YEAR,Ā EURĀ 1 BILLION
BOND OFFERINGĀ (annual coupon of 8.25%)
Compagnie de Saint-GobainĀ todayĀ setĀ the terms of its newĀ EUR 1 billion 5 Ā½ yearĀ bond issueĀ with an annual coupon of 8.25%.
This bond issueĀ will serve to refinanceĀ existing debt andĀ will allow Saint-Gobain toĀ increase the average maturity of its debt.
TheĀ transaction underlines bond investors' confidence in the credit qualityĀ of Saint-Gobain, whose last issuance on the EuroĀ bond marketĀ took placeĀ inĀ September 2008.
Saint-Gobain'sĀ long-term senior debt is rated BBB+ by Standard & Poor'sĀ and Baa1 by Moody's.
BNP Paribas, CALYON CrƩdit Agricole CIB, J.P.Morgan and SociƩtƩ GƩnƩrale Corporate & Investment Banking acted as lead managers for this bond issue, with BBVA, Banco Santander, Citi and Commerzbank Corporate and Markets acting as co-lead managers.
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