Air Liquide has successfully launched its first green bond issue, by raising €500m which will be dedicated to financing and refinancing the development of several sustainable projects.
Announcing the news on Wednesday (19th May), the industrial gas giant said that it will particularly focus on the development of its hydrogen, biogas and oxygen projects.
Further to that, the new bond issue will notably contribute to the financing of the ambitious sustainable projects the group announced on 23rd March (2021).
Commenting on the new, Fabienne Lecorvaisier, Executive Vice-President of Finance and Operations Control, at Air Liquide, said, “The success of this inaugural green bond issuance illustrates the investors’ confidence in Air Liquide’s ability to implement projects that will contribute to building a sustainable future.”
“It is in line with the ambitious sustainable projects we announced in March, particularly in terms of reducing CO2 emissions, and will allow us to materialise them. With the ambition to become a regular issuer of sustainable bonds, Air Liquide is more than ever committed to putting economic and financial performance and ESG at the heart of its growth strategy.”
This transaction, significantly oversubscribed by investors, was executed under the Group’s Euro Medium Term Note (EMTN) programme. With this issuance, Air Liquide is raising €500m with a ten-year maturity at a yield of 0.461%.
Proceeds from this issuance will allow the company to refinance its September 2021 bond maturities in advance and will secure sustainable financing to support its long-term growth under very competitive conditions.