Air Liquide Issues €600 Million of Bonds
02 March 2017 - 8:36PM
Business Wire
Regulatory News:
Air Liquide (Paris:AI):
The Group has issued a Eurobond with
the following characteristics:
- Amount: €600 million
- Issuer: Air Liquide Finance, guaranteed by L’Air Liquide
SA
- Maturity: March 8, 2027
- Settlement: March 8, 2017
- Format: Fixed rate, repayment at maturity
- Coupon: 1,00% p.a.
This transaction, issued under the Group’s €12 billion Euro
Medium Term Note (EMTN) programme, allowed the issue of a
€600 million bond with a 10-year maturity at a yield of 1.116%.
This recent transaction brings the total outstanding amount of
bonds issued to this day to approximately €15.2 billion, with an
average maturity of 6.8 years.
Proceeds from this bond will allow the Group to refinance its
two bonds maturing in June and July 2017, and to continue
funding its long term profitable growth while benefiting from very
attractive market conditions. The Group’s capital structure
remains very solid and this operation further strengthens the
liquidity of the Group.
This issue will be rated A- by Standard & Poor’s and
A-3 by Moody’s.
UPCOMING DATES
First quarter 2017 revenue:Wednesday, April 26, 2017
Combined Shareholders’ Meeting:Wednesday, May 3, 2017
Dividend ex date*:Monday, May 15, 2017
Dividend payment date*:Wednesday, May 17, 2017
* Subject to the necessary approvals at the next Combined
Shareholders’ Meeting
The world leader in gases, technologies and services for
Industry and Health, Air Liquide is present in 80 countries with
approximately 67,000 employees and serves more than 3 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 lead its industry, deliver long
term performance and contribute to sustainability. The company’s
customer-centric transformation strategy aims at profitable 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 € 18.1 billion in 2016 and its
solutions that protect life and the environment represented more
than 40% of sales. 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.comFollow us on Twitter
@airliquidegroup
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version on businesswire.com: http://www.businesswire.com/news/home/20170302005534/en/
Air LiquideCorporate CommunicationsAnnie Fournier,
+33 (0)1 40 62 51 31orInvestor RelationsParis, +33 (0)1 40
62 50 87orRadnor, +1 610 263 8277orGroup Financing and
TreasuryJacques Molgo, +33 (0)1 40 62 57 75orAude Revel, +33
(0)1 40 62 56 64
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