Linde issues €500 million bond

Linde issues €500 million bond

11:42 AM, 1st June 2012
Linde issues €500 million bond
Georg Denoke, Member of Executive Board and CFO, Linde.

MUNICH, GERMANY: Linde Finance BV, guaranteed by Linde AG has successfully placed €500 million of senior notes in a 7 year maturity. The bond with a coupon of 1.75 per cent, issued under the €10 billion EMTN programme, 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. 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,” said Georg Denoke, Member of Executive Board and CFO, Linde.

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