A new €500m ($542m) green bond issued by Air Liquide will be used to finance or refinance a range of energy transition and sustainable projects relating mainly to low-carbon hydrogen, carbon capture and low-carbon air gases.
The company’s first green bond was issued in 2021 to align with its ESG principles. The newest bond – which was oversubscribed by investors – was undertaken through Air Liquide’s Euro Medium Term Note (EMTN) programme.
This will allow the company to raise the bond with a 10-year maturity at a yield of 3.466%.
“The success of this second green bond issuance illustrates the investors’ confidence in Air Liquide’s ability to implement technologies and pioneer projects that contribute to the decarbonisation of our activities as well as help our customers lower their carbon footprint,” said Jérôme Pelletan, Group Chief Financial Officer.
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