Germany: Linde Launches 1 Billion EUR Bond

Linde AG has yesterday placed EUR 1 bn of senior notes with an 8-year maturity.

The bond, with a coupon of 1.75 % issued under the EUR 10 bn EMTN programme, was priced at 35 basis points over MidSwaps.

The transaction was three times oversubscribed with huge demand from high quality institutional investors and retail intermediaries.

“It is crucial to be able to act swiftly in a volatile market climate,” said Georg Denoke, member of the Executive Board and CFO of Linde AG.

“We were keen to quickly replace a substantial part of the acquisition loan with long-term capital market liabilities. Once again, we succeeded in achieving extremely attractive conditions. This transaction underscores our excellent reputation among our investors.”

[mappress]

LNG World News Staff, September 6, 2012