Linde Finance BV, guaranteed by Linde AG, has successfully placed €750m of senior notes in a 7 year maturity.
Georg Denoke, member of the Executive Board and CFO of Linde AG, “This transaction is part of our ongoing financing strategy, reinforcing our liquidity position and ensuring further flexibility to navigate future market volatility.”
The bond with a coupon of 3.125%, issued under the €10bn EMTN program, was priced at 87 basis points over MidSwaps. According to Linde, the transaction was 6 times oversubscribed with a huge demand from high quality institutional investors and retail intermediaries. The proceeds from the transaction will be used for general corporate purposes.
Air Liquide and Sinopec have agreed on the supply of gaseous oxygen and nitrogen to the Maoming branch of Sinopec (MPCC). Air Liquide will supply 200,000 Nm³/h to both a coal-to-hydrogen project and an existing refinery in Maoming, Guangdong province, China.
Over the last month, Messer GmbH has put three new air separation plants into operation. Located in the western Chinese province of Sichuan, the investment totals approximately €80m.
Kunshan Yongxin Glassware, a heat resistant glass manufacturer for home appliances, will be the latest recipient of Air Product’s oxyfuel technology.
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