Air Liquide Successfully Launches Its First Green Bond Issue by Raising 500 Million Euros
19 Maggio 2021 - 6:15PM
Dow Jones News
Regulatory News:
Air Liquide (Paris:AI):
Main characteristics are as follows:
-- Amount: EUR500 million
-- Issuer: Air Liquide Finance, guaranteed by L'Air Liquide SA
-- Settlement: May 27 , 2021
-- Maturity: May, 27 2031 (10 years)
-- Format: Fixed rate, repayment at maturity
-- Coupon: 0.375% p.a.
Air Liquide has successfully launched its first green bond
issue, by raising 500 million euros which will be dedicated to
financing and refinancing the development of several sustainable
projects, in particular in hydrogen, biogas and oxygen. This
operation is in line with its first SRI-labeled bonds, which the
Group had issued as early as 2012 to finance the expansion of its
Home Healthcare business. This new bond issue will notably
contribute to the financing of the ambitious sustainable projects
the Group announced on March 23, 2021.
This transaction, significantly oversubscribed by investors, was
executed under the Group's Euro Medium Term Note (EMTN) programme.
With this issuance, Air Liquide is raising EUR500 million with a
10-year maturity at a yield of 0.461%.
Proceeds from this issuance will allow Air Liquide to refinance
its September 2021 bond maturities in advance and will secure
sustainable financing to support the Group's long term growth under
very competitive conditions.
This issue will be rated << A- >> by Standard &
Poor's and << A3 >> by Moody's.
Fabienne Lecorvaisier, Executive Vice President Finance and
Operations Control, commented "The success of this inaugural green
bond issuance illustrates the investors' confidence in Air
Liquide's ability to implement projects that will contribute to
building a sustainable future. It is in line with the ambitious
sustainable projects we announced in March, particularly in terms
of reducing CO(2) emissions, and will allow us to materialize them.
With the ambition to become a regular issuer of sustainable bonds,
Air Liquide is more than ever committed to putting economic and
financial performance and ESG at the heart of its growth
strategy.".
A world leader in gases, technologies and services for Industry
and Health, Air Liquide is present in 78 countries with
approximately 64,500 employees and serves more than 3.8 million
customers and patients. Oxygen, nitrogen and hydrogen are essential
small molecules for life, matter and energy. They embody Air
Liquide's scientific territory and have been at the core of the
company's activities since its creation in 1902.
Air Liquide's ambition is to be a leader in its industry,
deliver long term performance and contribute to sustainability -
with a strong commitment to climate change and energy transition at
the heart of its strategy. The company's customer-centric
transformation strategy aims at profitable, regular and responsible
growth over the long term. It relies on operational excellence,
selective investments, open innovation and a network organization
implemented by the Group worldwide. Through the commitment and
inventiveness of its people, Air Liquide leverages energy and
environment transition, changes in healthcare and digitization, and
delivers greater value to all its stakeholders.
Air Liquide's revenue amounted to more than 20 billion euros in
2020. Air Liquide is listed on the Euronext Paris stock exchange
(compartment A) and belongs to the CAC 40, EURO STOXX 50 and
FTSE4Good indexes.
www.airliquide.com
Follow us on Twitter @airliquidegroup
View source version on businesswire.com:
https://www.businesswire.com/news/home/20210519005691/en/
CONTACT: Media Relations
media@airliquide.com
Investor Relations
IRTeam@airliquide.com
Group Financing & Treasury
Guillaume Serey
+33 (0)1 40 62 51 78
Thomas Lemée
+33 (0)1 40 62 58 25
SOURCE: Air Liquide
Copyright Business Wire 2021
(END) Dow Jones Newswires
May 19, 2021 12:00 ET (16:00 GMT)
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