Compagnie de Saint Gobain SA Announces Nine Year Bond Issue for Amount of EUR 750 Million

Compagnie de Saint Gobain SA announced that it has set the terms of a nine year bond issue for an amount of EUR 750 million with an annual coupon of 3.625%. In a volatile economic environment Saint-Gobain took advantage of favourable conditions on the credit market: the orderbook totalled close to EUR 2.5 billion from over 230 investors. The transaction could therefore be completed within a short time with a higher issuance amount and improved pricing compared to the initial targets. This bond issue, which will be used to finance the general corporate purposes of the group, enables Saint-Gobain to both lengthen the average maturity of its debt and optimise its average cost of funding. The transaction underlines once again bond investors' confidence in the credit quality of Saint-Gobain after the 10 year euro bond issued in March 2012. Saint-Gobain's long-term senior debt is rated BBB by Standard & Poor's and Baa2 by Moody's. Barclays, Citigroup and HSBC, as well as Goldman Sachs International, Mizuho and Unicredit acted as lead managers for this bond issue.