Air Liquide announces that it has fixed the terms of its new bond issuance in Swiss Francs (CHF) for a total amount of CHF 640 million. Executed under the Group’s Euro Medium Term Note (EMTN) programme, this transaction is split into three tranches with 5-year, 8-year and 12-year maturities at a weighted average interest rate below 1.00% per annum. An application will be filed for the admission of the bonds to listing on the SIX Swiss Exchange.
The net proceeds of the issuance will be used by Air Liquide for general corporate purposes.
This issue will be rated « A » by Standard & Poor’s and Scope Ratings and « A2 » by Moody’s.
Jérôme Pelletan, Group Chief Financial Officer and Member of the Air Liquide Executive Committee, stated:
“This inaugural multi-tranche Swiss Franc bond issuance marks a landmark step in our financing diversification strategy. The strong success of the transaction reflects the confidence of a new base of top-tier investors in Air Liquide’s proven business model and financial strength. It also underscores our financial agility in supporting the Group’s long-term growth.”
Air Liquide has successfully issued a 640 million CHF multi-tranche bond