Logout
Click here for Pulp & Paper Radio International
The Paperitalo Library
Free Downloads
Search
My Profile
Login
Saint-Gobain
Print
Courbevoie, France, 05 September 2008 -- Compagnie de Saint-Gobain, whose long-term senior debt is rated BBB+ by Standard & Poor’s and Baa1 by Moody's, yesterday set the terms of its new benchmark bond issue denominated in euros.

Despite challenging market conditions, the issue was well received by a diversified set of quality investors, which allowed the spread to be set at the bottom of the initial price-guidance and the size of the issue to meet the issuer’s target.

This transaction underlines bond investors’ confidence in the credit quality of Saint-Gobain, whose last issuance on the euro bond market took place in April 2007.

The proceeds will be used to refinance existing debt and for general corporate purposes.

BNP Paribas, Calyon, J.P. Morgan, and The Royal Bank of Scotland acted as lead managers for this bond issue.
 
 

Related Articles:


Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: