Linde has successfully priced through Linde Finance B.V. a EUR 1.05bn equivalent 2-tranche Hybrid Bond Offering
The STG 250mn tranche was priced at gilts plus 345bps, achieving a coupon of 8.125 per cent and the EUR 700mn tranche was priced at mid-swaps plus 312.5bps, achieving a coupon of 7.375 per cent.
Proceeds will be used to finance the bridge facility implemented for the intended acquisition of all shares of The BOC Group plc, Windlesham/UK.
The successful transaction was significantly oversubscribed. In a volatile market environment the issue was priced at the tight end of the revised price guidance.
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