Total of one billion in bonds offered by two major companies


Both Air Liquide and Airgas have announced bond deals today – to the sum of 500m each.

Air Liquide’s €500m Eurobond, that is set to mature on June 3 2025, has a fixed rate format with repayment due at maturity.

This transaction, issued under the group’s €9bn Euro Medium Term Note (EMTN) programme, allows the issue of a bond with a 10-year maturity. This recent transaction brings the total outstanding amount of bonds issued to this day to approximately €6.2bn, with an average maturity of six years.

Proceeds from this bond will allow the group to refinance its two bonds maturing in June 2015, and to continue funding its long term profitable growth while benefiting from very attractive market conditions. The group’s capital structure remains very solid and this operation further strengthens the liquidity of the group.

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