Saint-Gobain: makes successful bond issue
(CercleFinance.com) - After trading on Tuesday Saint-Gobain reported a bond issue maturing in 8 years' time (March 2026) amounting to 750 million euros, with an annual coupon of 1.
125%.
The group has used this issue to lengthen the average maturity of its debt while optimising its average funding cost.
A final order book of close to 1.4 billion euros, featuring over 120 investors, reflects the confidence that bond investors have in Saint Gobain's credit quality, which has a long-term debt rating of "BBB" at Standard & Poor's and "Baa2" at Moody's.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
125%.
The group has used this issue to lengthen the average maturity of its debt while optimising its average funding cost.
A final order book of close to 1.4 billion euros, featuring over 120 investors, reflects the confidence that bond investors have in Saint Gobain's credit quality, which has a long-term debt rating of "BBB" at Standard & Poor's and "Baa2" at Moody's.
Copyright (c) 2018 CercleFinance.com. All rights reserved.