Linde
launches EUR 500 mn bond
Munich,
30 May 2012 – Linde Finance
BV, guaranteed by Linde AG (A stable/A3 stable) has today successfully placed
EUR 500 mn of senior notes in a 7 year maturity. The bond with a coupon of 1.75
%, issued under the EUR 10 bn EMTN program, was priced at 35 basis points over
MidSwaps. The transaction was more than 5 times oversubscribed with a huge
demand from high quality institutional investors and retail intermediaries. The
proceeds from the transaction will be used for general corporate purposes.
“Despite a volatile market environment we
achieved very favourable financing terms”, said Georg Denoke, member of the
Executive Board and CFO of Linde AG. “Our high reputation among investors,
which has granted us these terms, is confirmed by the recent rating upgrade by
Standard & Poor’s from A- to A.”
The Linde Group is a world-leading gases and
engineering company with around 50,500 employees in more than 100 countries
worldwide. In the 2011 financial year, it generated revenue of EUR 13.787 bn.
The strategy of The Linde Group is geared towards long-term profitable growth
and focuses on the expansion of its international business with forward-looking
products and services. Linde acts responsibly towards its shareholders, business
partners, employees, society and the environment – in every one of its business
areas, regions and locations across the globe. The Group is committed to
technologies and products that unite the goals of customer value and
sustainable development.
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