Air Liquide Successfully Launches a 500 Million Euros Long Term Bond Issuance
14 September 2021 - 3:20AM
Business Wire
Main characteristics are as follows:
- Amount: €500 million
- Issuer: Air Liquide Finance, guaranteed by L’Air Liquide
SA
- Settlement: September 20, 2021
- Maturity: September 20, 2033 (12 years)
- Format: Fixed rate, repayment at maturity
- Coupon: 0.375% p.a.
Regulatory News:
Air Liquide (Paris:AI) has successfully launched a 500
million euros bond issue dedicated to the refinancing of its
September 2021 bond maturity and to the sustainable financing of
the Group’s long term growth, all of this under very competitive
conditions.
This transaction, significantly oversubscribed by
investors, was executed under the Group's Euro Medium Term Note
(EMTN) programme. With this issuance, Air Liquide is raising €500
million with a 12-year maturity at a yield of 0.390%.
This issue will be rated « A » by Standard & Poor’s
and « A3 » by Moody’s.
Jérôme Pelletan, Chief Financial Officer, commented:
“Air Liquide is taking advantage of favorable market conditions
to refinance its bond maturities and to finance over the long term
its sustainable growth in its numerous businesses. The good
conditions in which the Group has realized this bond issue
illustrate the recognition by the investors, and recently by the
credit rating agency Standard & Poor’s, of the continuous
strengthening of the Group's balance sheet notably since the Airgas
acquisition in 2016. It complements the first green bond issue we
made in May to more specifically finance and refinance several
sustainable projects, in particular in hydrogen, biogas and
oxygen.”
A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 78 countries with
approximately 64,500 employees and serves more than 3.8 million
customers and patients. Oxygen, nitrogen and hydrogen are essential
small molecules for life, matter and energy. They embody Air
Liquide’s scientific territory and have been at the core of the
company’s activities since its creation in 1902.
Air Liquide’s ambition is to be a leader in its industry,
deliver long term performance and contribute to sustainability -
with a strong commitment to climate change and energy transition at
the heart of its strategy. The company’s customer-centric
transformation strategy aims at profitable, regular and responsible
growth over the long term. It relies on operational excellence,
selective investments, open innovation and a network organization
implemented by the Group worldwide. Through the commitment and
inventiveness of its people, Air Liquide leverages energy and
environment transition, changes in healthcare and digitization, and
delivers greater value to all its stakeholders.
Air Liquide’s revenue amounted to more than 20 billion euros in
2020. Air Liquide is listed on the Euronext Paris stock exchange
(compartment A) and belongs to the CAC 40, EURO STOXX 50 and
FTSE4Good indexes.
www.airliquide.com Follow us on Twitter
@airliquidegroup
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Media Relations media@airliquide.com Investor
Relations IRTeam@airliquide.com Group Financing &
Treasury Guillaume Serey +33 (0)1 40 62 51 78 Thomas Lemée +33
(0)1 40 62 58 25
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