Air Liquide launches $500m long-term bond


Air Liquide has successfully launched a bond issuance on the American bond market for $500m with a 10-year maturity (10th September 2029) at a yield of 2.362%.

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.

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