Capital/Financing Update • Nov 16, 2023
Capital/Financing Update
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With this transaction Saint-Gobain took advantage of favorable market conditions to anticipate the refinancing of upcoming bond maturities, while optimizing its financing costs.
The bonds were about 2 times oversubscribed with about 200 investors demonstrating confidence in the Group's credit quality.
Saint-Gobain's long-term senior debt is rated BBB+ (stable outlook) by Standard & Poor's and Baa1 (stable outlook) by Moody's.
Citi and Natixis acted as global coordinators and bookrunners, while Barclays, BBVA, Deutsche Bank, Danske Bank, JP Morgan, La Banque Postale, Mizuho and NatWest Markets, also acted as bookrunners on this bond issue.
Worldwide leader in light and sustainable construction, Saint-Gobain designs, manufactures and 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 decarbonization of 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".
For more information about Saint-Gobain, visit www.saint-gobain.com and follow us on X @saintgobain.
Vivien Dardel Floriana Michalowska Alix Sicaud James Weston (+33) 1 88 54 29 77 (+33) 1 88 54 19 09 (+33) 1 88 54 38 70 (+33) 1 88 54 01 24
Patricia Marie Laure Bencheikh Flavio Bornancin-Tomasella (+33) 1 88 54 26 83 (+33) 1 88 54 26 38 (+33) 1 88 54 27 96
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