Saint-Gobain: E1.5bn bond issue
(CercleFinance.com) - Saint-Gobain says that on 26 March it completed a bond issue of 1.
5 billion euros in two tranches of 750 million euros each, respectively maturing in three years, with a coupon of 1.75%, and seven and a half years, with a coupon of 2.375%.
"Despite the volatile context, the final order book totalled over E8 billion from over 300 investors, which underlines bond investors' confidence in the credit quality of Saint-Gobain," the building materials supplier said.
After this issue, the syndicated credit line announced on 23 March will have its amount adjusted from 2.5 billion to 2 billion euros. These two operations will enable Saint-Gobain to secure 3.5 billion euros in new financing, against 2.5 billion on 23 March.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
5 billion euros in two tranches of 750 million euros each, respectively maturing in three years, with a coupon of 1.75%, and seven and a half years, with a coupon of 2.375%.
"Despite the volatile context, the final order book totalled over E8 billion from over 300 investors, which underlines bond investors' confidence in the credit quality of Saint-Gobain," the building materials supplier said.
After this issue, the syndicated credit line announced on 23 March will have its amount adjusted from 2.5 billion to 2 billion euros. These two operations will enable Saint-Gobain to secure 3.5 billion euros in new financing, against 2.5 billion on 23 March.
Copyright (c) 2020 CercleFinance.com. All rights reserved.