With a settlement due on 10th September (2019), the bonds will be at a fixed rate, repayment at maturity, and payable semi-annually at 2.250%.
The bonds are being issued by Air Liquide finance and guaranteed by L’Air Liquide SA.
The proceeds raised will allow Air Liquide to refinance a USD-denominated bond issuance maturing in September (2019), and to continue funding its long-term profitable growth while benefiting from historically low American interest rates.
This transaction will bring the total outstanding amount of bonds issued to this day by the Group to approximately €13.2bn, with an average maturity of six years.
“Three years after the inaugural US dollar issue for the refinancing of the Airgas acquisition, this successful transaction demonstrates the Group’s capabilities to access the American bond market and sustainably financing the Group’s activities in the US,” said Fabienne Lecorvaisier, Executive Vice-President, in charge of Finance.