Air Liquide Successfully Launches a 600 Million Euros Long Term Bond Issuance
10 September 2022 - 1:45AM
Business Wire
Regulatory News:
Air Liquide (Paris:AI):
Main characteristics are as follows:
- Amount : €600 million
- Issuer : Air Liquide Finance, guaranteed by L’Air
Liquide SA
- Settlement : September 16, 2022
- Maturity : September 16, 2032 (10 years)
- Format: Fixed rate, repayment at maturity
- Coupon: 2.875% p.a.
Air Liquide has successfully launched a 600 million euros
bond issuance dedicated to the refinancing of its September
2022 bond maturities and to the financing of its long term growth,
under conditions which remain very competitive in spite of the
recent tightening of the credit market.
This transaction, very significantly oversubscribed by
investors, was executed under the Group's Euro Medium Term Note
(EMTN) programme. With this issuance, Air Liquide is raising €600
million with a 10-year maturity at a yield of 2.982%.
This issuance will be rated « A » by Standard &
Poor’s and « A2 » by Moody’s.
Jérôme Pelletan, Chief Financial Officer of Air Liquide
Group, said: “ The success of this transaction illustrates the
recognition by investors of Air Liquide’s quality as an issuer and
the solidity of its balance sheet. In a more difficult economic
environment, it also demonstrates the stability and resilience of
the Air Liquide Group’s earnings and cash flow generation, which
Moody’s acknowledged a few days ago by upgrading its credit rating
on the Group. ”
A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 75 countries with
approximately 66,400 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.
Taking action today while preparing the future is at the heart
of Air Liquide’s strategy. With ADVANCE, its strategic plan for
2025, Air Liquide is targeting a global performance, combining
financial and extra-financial dimensions. Positioned on new
markets, the Group benefits from major assets such as its business
model combining resilience and strength, its ability to innovate
and its technological expertise. The Group develops solutions
contributing to climate and the energy transition—particularly with
hydrogen—and takes action to progress in areas of healthcare,
digital and high technologies.
Air Liquide’s revenue amounted to more than 23 billion euros in
2021. Air Liquide is listed on the Euronext Paris stock exchange
(compartment A) and belongs to the CAC 40, CAC 40 ESG, EURO STOXX
50 and FTSE4Good indexes.
www.airliquide.com Suivez-nous sur Twitter
@airliquidegroup
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