REG - Compagnie St-Gobain - Issue of Debt

Compagnie de Saint Gobain SAAnnouncement

10/01/2023 07:16

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RNS Number : 2145M  Compagnie de Saint-Gobain  10 January 2023

 

 

SAINT-GOBAIN SUCCESSFULLY PRICED A DOUBLE TRANCHE

EUR 1.15 BILLION BOND ISSUE CONSISTING OF:

 

·    EUR 500 million floating rate notes with an 18 month maturity and a 3
months Euribor +0.20% coupon

·    EUR 650 million fixed rate notes with a 6 year maturity and a 3.50%
coupon

 

With this transaction Saint-Gobain took advantage of favorable market
conditions to anticipate the refinancing of its debt maturities, while
optimizing its future financing costs.

 

The bonds were over 2.5 times oversubscribed with close to 200 investors
demonstrating confidence in the Group's credit quality.

 

This success underlines the relevance of Saint-Gobain's strategic positioning
as worldwide leader in light and sustainable construction, the strong
execution of its "Grow & Impact" strategy and its excellent financial
performance.

 

Saint-Gobain's long-term senior debt is rated BBB (positive outlook) by
Standard & Poor's and Baa1 (stable outlook) by Moody's.

 

Global coordinators BofA Securities and HSBC, as well as CaixaBank, Crédit
Industriel et Commercial, Credit Suisse, Intesa Sanpaolo S.p.A., Morgan
Stanley, MUFG, RBC Capital Markets and Santander, acted as bookrunners on this
bond issue.

 

 

ABOUT SAINT-GOBAIN

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".

 

€44.2 billion in sales in 2021

166,000 employees, locations in 76 countries

Committed to achieving Carbon Neutrality by 2050

 

For more information about Saint-Gobain,

visit www.saint-gobain.com (http://www.saint-gobain.com) and follow us on
Twitter @saintgobain

 

 

 

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