Issue of Debt

15 Jan 2009 14:03



January 14, 2009

SUCCESSFUL LAUNCH OF A 5 1/2 YEAR, EUR 1 BILLION

BOND OFFERING (annual coupon of 8.25%)

Compagnie de Saint-Gobain today set the terms of its new EUR 1 billion 5 ½ year bond issue with an annual coupon of 8.25%.

This bond issue will serve to refinance existing debt and will allow Saint-Gobain to increase the average maturity of its debt.

The transaction underlines bond investors' confidence in the credit quality of Saint-Gobain, whose last issuance on the Euro bond market took place in September 2008.

Saint-Gobain's long-term senior debt is rated BBB+ by Standard & Poor's and Baa1 by Moody's.

BNP Paribas, CALYON Crédit Agricole CIB, J.P.Morgan and Société Générale 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.