Air Liquide has successfully issued a CHF 390 million multi-tranche bond

Air Liquide announces that it has priced its new bond issuance in Swiss francs (CHF) for a total principal amount of CHF 390 million. Executed under the Group's Euro Medium Term Note (EMTN) programme, this transaction is split into three tranches with 3-year, 6-year and 9-year maturities at a weighted average interest rate of 1.22% 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 new Swiss franc bond issuance, successfully executed in a complex market environment, reflects the renewed confidence of investors in Air Liquide’s business model. The funds raised will support our capital allocation policy as set out in the new BEYOND strategic plan.”