Capital/Financing Update • Sep 14, 2016
Capital/Financing Update
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September 14, 2016
Compagnie de Saint-Gobain today set the terms of a 3 ½ year bond issue for an amount of EUR 1 billion with an annual coupon of 0%.
Saint-Gobain took advantage of the favourable conditions on the credit market to optimize its average cost of funding with a 0% coupon.
The orderbook totalled around EUR 2,6 billion from about 150 investors, which underlines 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.
Crédit Agricole CIB, J.P. Morgan and Société Générale CIB, as well as Banca IMI and CM– CIC acted as lead managers for this bond issue.
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.
€39.6 billion in sales in 2015 Operates in 67 countries More than 170,000 employees www.saint-gobain.com @saintgobain
| Analyst/Investor relations | Media relations | ||
|---|---|---|---|
| Gaetano Terrasini | +33 1 47 62 32 52 | Susanne Trabitzsch | +33 1 47 62 43 25 |
| Vivien Dardel | +33 1 47 62 44 29 | ||
| Florent Nouveau | +33 1 47 62 30 93 |
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