on SAINT-GOBAIN (EPA:SGO)
Saint-Gobain Prices EUR 1.2 Billion Dual-Tranche Bond
Saint-Gobain has leveraged favorable market conditions to successfully price a EUR 1.2 billion bond issue. This issuance includes a EUR 700 million bond with a 3-year maturity at a 2.75% coupon and a EUR 500 million bond with an 8-year maturity at a 3.50% coupon.
The transaction saw strong demand, with the bonds nearly three times oversubscribed by over 150 investors, indicating solid confidence in Saint-Gobain’s credit stability. The company maintains credit ratings of BBB+ by Standard & Poor's and Baa1 by Moody’s, both with a stable outlook.
The deal was coordinated by Deutsche Bank and NatWest, with support from several other financial institutions. This move positions Saint-Gobain strategically for future refinancing.
R. P.
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