Air Liquide has successfully launched a €1bn long term bond issuance, the French industrial gas giant announced last night.
Proceeds from this issuance will allow Air Liquide to refinance its June 2020 bond maturities in advance and will secure financing to support long term profitable growth, the company said.
This transaction, largely oversubscribed by investors, was executed under the Air Liquide’s Euro Medium Term Note (EMTN) programme.
With this issuance, Air Liquide is raising €1bn, including €500m with a five-year maturity at a yield of 1.022% and €500m with a 10-year maturity at a yield of 1.47%.
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