sur SAINT-GOBAIN (EPA:SGO)
Saint-Gobain Successfully Prices EUR 1.5 Billion Bond Issue
Saint-Gobain has issued a double tranche bond worth EUR 1.5 billion. The two tranches include EUR 800 million with a 5-year maturity at a 3.25% coupon and EUR 700 million with a 12-year maturity at a 3.625% coupon.
This move allows Saint-Gobain to take advantage of favorable market conditions and prepare for future refinancing. It also helps extend the average maturity of its debt with optimized financing terms.
The bond issue was three times oversubscribed, attracting interest from over 200 investors. This high demand reflects strong confidence in Saint-Gobain’s credit quality.
Saint-Gobain’s long-term senior debt holds a BBB+ rating from Standard & Poor’s and a Baa1 rating from Moody's, both with a stable outlook.
BofA Securities and CIC Market Solutions acted as global coordinators and bookrunners. Commerzbank, Goldman Sachs Bank Europe SE, Morgan Stanley, RBC Capital Markets, SMBC, and UniCredit also served as bookrunners for this bond issue.
R. P.
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