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Saint-Gobain launches bond offering for €1 billion

Compagnie de Saint-Gobain recently set the terms of a 3 1⁄2 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.

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