Saint-Gobain: successfully launches E1.5bn bond issue
(CercleFinance.com) - Saint-Gobain has successfully launched a 1.
5 billion euro bond issue in two tranches.
The first tranche covers 750 million euros due in 5 years with a coupon of 0.625% and the second is for 750 million euros due in 12 years with a coupon of 1.875%
"With this dual tranche transaction Saint-Gobain takes advantage of favourable market conditions to lengthen the average maturity of its debt, optimising at the same time its average cost of funding," Saint-Gobain said.
Saint-Gobain has a long-term debt rating of BBB at Standard & Poor's and Baa2 at Moody's.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
5 billion euro bond issue in two tranches.
The first tranche covers 750 million euros due in 5 years with a coupon of 0.625% and the second is for 750 million euros due in 12 years with a coupon of 1.875%
"With this dual tranche transaction Saint-Gobain takes advantage of favourable market conditions to lengthen the average maturity of its debt, optimising at the same time its average cost of funding," Saint-Gobain said.
Saint-Gobain has a long-term debt rating of BBB at Standard & Poor's and Baa2 at Moody's.
Copyright (c) 2019 CercleFinance.com. All rights reserved.