Saint-Gobain: E1.5bn bond issue
(CercleFinance.com) - Saint-Gobain announces a successful bond issue amounting to E1.
5bn in two tranches of E800m and E700m, respectively with a five-year maturity and a 3.25% coupon, and a 12-year maturity and a 3.625% coupon.
With this transaction, Saint-Gobain explains that it has taken advantage of favourable market conditions to anticipate its future refinancing needs, while extending the average maturity of its debt at optimised financing conditions.
The issue was globally oversubscribed by around three times, with more than 200 investors showing their confidence in the credit quality of the Saint-Gobain group, the building materials supplier points out.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
5bn in two tranches of E800m and E700m, respectively with a five-year maturity and a 3.25% coupon, and a 12-year maturity and a 3.625% coupon.
With this transaction, Saint-Gobain explains that it has taken advantage of favourable market conditions to anticipate its future refinancing needs, while extending the average maturity of its debt at optimised financing conditions.
The issue was globally oversubscribed by around three times, with more than 200 investors showing their confidence in the credit quality of the Saint-Gobain group, the building materials supplier points out.
Copyright (c) 2024 CercleFinance.com. All rights reserved.