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Saint-Gobain Launches Oversubscribed 1.2 Billion Euro Bond Issue

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Saint-Gobain Launches Oversubscribed 1.2 Billion Euro Bond Issue

An announcement from Compagnie de Saint Gobain ( (FR:SGO) ) is now available.

Saint-Gobain has successfully launched a bond issue worth 1.2 billion euros in two tranches, capitalizing on favorable market conditions to address future refinancing needs. The bond issue was significantly oversubscribed, reflecting strong investor confidence in the company’s credit quality, which is rated BBB+ by Standard & Poor’s and Baa1 by Moody’s.

More about Compagnie de Saint Gobain

Saint-Gobain is a world leader in sustainable construction, designing, producing, and distributing materials and services for the housing and industrial markets. The company focuses on innovation and sustainability, offering integrated solutions for building renovation, lightweight construction, and decarbonization. With over 161,000 employees and a presence in 80 countries, Saint-Gobain is committed to achieving net zero carbon emissions by 2050.

YTD Price Performance: 17.48%

Average Trading Volume: 413,634

Technical Sentiment Signal: Sell

Current Market Cap: €49.24B

Find detailed analytics on SGO stock on TipRanks’ Stock Analysis page.

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