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.

© WOC News  

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Novozymes opens advanced biofuels facility in US

BLAIR, US: Novozymes inaugurates new advanced biofuels facility in Blair, Nebraska. The facility with $200 million investment will create 500 jobs and ...

Read more
Air Liquide to invest €100 million at Bayer MaterialScience’s site

PARIS, FRANCE: Air Liquide has signed a long term contract with Bayer MaterialScience for the provision of large amounts of hydrogen and carbon monoxi ...

Read more
PhosChem to supply DAP to two Indian customers

LINCOLNSHIRE, US: Phosphate Chemicals Export Association (PhosChem) reached agreement to supply 500,000 to 700,000 tonne of diammonium phosphate (DAP) ...

Read more
Lanxess to build polyamide plastic plant in Belgium

ANTWERP, BELGIUM/LEVERKUSEN, GERMANY: Lanxess is investing €75 million in the construction of a new plant for high-tech plastics in Antwerp. The ...

Read more
Drug resistance of swine flu virus, explains new study

BRISTOL, UK: Adrian Mulholland, Professor, University of Bristol and Dr Christopher, Professor, University of Bristol with colleagues in Thailand, use ...

Read more
H B Fuller to close five European facilities, cuts 370 jobs

ST PAUL, US: H B Fuller Company intends to make several organizational changes to support its growth and profitability strategy in the Europe, India, ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X