Compagnie de Saint Gobain (FR:SGO) has released an update.
Compagnie de Saint-Gobain has successfully issued a €1.5 billion bond, split into two tranches with maturities of 5 and 12 years, and coupons of 3.25% and 3.625% respectively. The bonds, which were significantly oversubscribed, will refinance upcoming needs and optimize the company’s debt financing conditions. The company boasts a stable credit outlook with ratings of BBB+ from Standard & Poor’s and Baa1 from Moody’s, affirming investor confidence in their financial health.
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