Earlier this week, Linde Finance BV, guaranteed by Linde AG, successfully placed €600m of senior notes in a ten year maturity.

The bond with a coupon of 3.875%, issued under the recently updated Euro Medium Term Note (EMTN) program, was priced at plus 60 basis points over MidSwaps.

George Denoke, Member of the Executive Board and Chief Financial Officer of Linde AG, commented on the move: “With this transaction we further extend our debt maturity profile at attractive funding levels.”

The transaction was four times oversubscribed with a huge demand from high quality institutional and retail intermediaries. The proceeds from the transaction will be used for the refinancing of the debt tender announced on 16th May 2011 for the €1bn 4.375% notes due 2012 and the €300m 5.375% notes due 2013, as well as general corporate purposes.