- Compagnie de Saint-Gobain has set the terms of an eight year bond issue for an amount of €750m with an annual coupon of 1%.

Saint-Gobain said it took advantage of the favourable conditions on the credit market to lengthen the average maturity of its debt and optimise its average cost of funding.

It said: "The orderbook totalled more than €2.5bn from over 180 investors, which underlines bond investors' confidence in the credit quality of Saint-Gobain."

Saint-Gobain's long-term senior debt is rated BBB by Standard & Poor's and Baa2 by Moody's.

At 8:32am: [LON:COD] Compagnie De StGobain share price was -0.04p at 45.46p

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