Grow & Impact
INDICATIVE TERMS AND CONDITIONS
Issuer
Format
Status of the Notes
Issuer Rating
Expected Issue Rating
Use of Proceeds
Tranche 1 (Standard)
GROW &
IMPACT
Compagnie de Saint-Gobain
Tranche 2 (Standard)
Senior Unsecured, Bearer Dematerialized Notes
BBB (positive) by S&P / Baa1 (stable) by Moody's
BBB by S&P/Baa1 by Moody's
Tranche 3 (Sustainability-Linked)
General Corporate Purposes
Currency and Amount
EUR 500m "Will not Grow"
EUR 500m "Will not Grow"
Tenor
Interests
[3]-year
Fixed
Short [6]-year (June 2028)
Fixed
Sustainability Trigger Event
Second Party Opinion
Redemption (Call/Put Options)
Listing / Denominations /
Governing law
Documentation
ESG Sole Structuring Advisor
Global Coordinators
Active Bookrunners
EUR 500m "Will not Grow"
[10]-year
Fixed, +37.5 bp step-up coupon per KPI if SPT(s) are not met
A Sustainability Trigger Event will occur if the Issuer fails to
achieve one or more of the following on the Target Observation
Date being 31 December 2030:
SPT1 Reduce absolute Scope 1 and 2 GHG emissions 33%
by 2030
■ SPT2: Achieve an 80% reduction of non-recovered
production waste by 2030
Make Whole Redemption, 3 month par call, Clean-Up Call (80%), Change of Control put option
Euronext Paris / EUR 100,000+ EUR 100,000/ English law
ISS ESG
EMTN
EMTN
Standalone preliminary prospectus dated 29 July 2022
Société Générale
Société Générale, Crédit Agricole CIB, Goldman Sachs Bank Europe SE
Commerzbank, Mizuho, Barclays
BBVA, UniCredit, Standard Chartered Bank AG
Deutsche Bank, ING, SMBC
AUGUST 2022 INVESTOR PRESENTATION
48
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