Linde Finance B.V, guaranteed by Linde Aktiengesellschaft, has issued a €600m seven-year Eurobond which secures further long-term financing for the Linde Group as a whole.
The bond, which is due on 8th December 2015, had a re-offer price of 99.534% to give a spread of mid-swaps plus 330 basis points. This equates to a spread of 403.4 basis points over the respective July 2015 German government benchmark.
Joint Bookrunners were Deutsche Bank and Société Générale with LBBW and DZ Bank as further Co-lead managers. Linde is rated Baa1 (stable) by Moody's and BBB+ (stable) by S&P, with the transaction prudently launched under Linde’s Debt Issuance Programme.
In the 2007 financial year, The Linde Group achieved sales of €12.3bn, with a strategy geared towards sustainable earnings-based growth and focussing on the expansion of its international business.