Air Liquide Has Successfully Issued a 500 Million Euros Green Bond to Finance the Energy Transition
23 Maio 2024 - 1:45PM
Business Wire
Main characteristics are as follows:
- Issuer: Air Liquide Finance, guaranteed by L’Air Liquide
SA
- Maturity: May 29, 2034 (10 years)
- Format: Fixed rate, repayment at maturity
Regulatory News:
Air Liquide (Paris:AI) has successfully issued a new 500
million euros green bond, in line with its ambition to combine
growth and sustainable development. The Group intends to use the
proceeds from the issuance to finance or refinance flagship energy
transition and sustainable projects, in particular in low-carbon
hydrogen, carbon capture and low-carbon air gases. This new
issuance confirms Air Liquide as a regular ESG issuer, after its
inaugural 2021 green bond issue.
This transaction, significantly oversubscribed by
investors, was executed under the Group's Euro Medium Term Note
(EMTN) programme. With this issuance, Air Liquide is raising 500
million euros with a 10-year maturity at a yield of 3.466%.
Proceeds from this issuance will allow Air Liquide to finance or
refinance flagship energy transition and sustainable projects and
to support the Group’s long term growth at very competitive
financial conditions.
This issue will be rated « A » by Standard & Poor’s and
Scope Rating and « A2 » by Moody’s.
Jérôme Pelletan, Group Chief Financial Officer,
commented: “The success of this second green bond issuance
illustrates the investors’ confidence in Air Liquide’s ability to
implement technologies and pioneer projects that contribute to the
decarbonization of our activities as well as help our customers
lower their carbon footprint. This is in line with our strategic
plan ADVANCE, which inseparably links financial and extra-financial
performances. The technologies Air Liquide masters notably in the
fields of low-carbon hydrogen, carbon capture and low-carbon air
gases actively and concretely contribute to a transition to a
low-carbon society.”
Air Liquide is a world leader in gases, technologies and
services for industry and healthcare. Present in 72 countries with
67,800 employees, the Group serves more than 4 million customers
and patients. Oxygen, nitrogen and hydrogen are essential small
molecules for life, matter and energy. They embody Air Liquide’s
scientific territory and have been at the core of the Group’s
activities since its creation in 1902.
Taking action today while preparing the future is at the heart
of Air Liquide’s strategy. With ADVANCE, its strategic plan for
2025, Air Liquide is targeting a global performance, combining
financial and extra-financial dimensions. Positioned on new
markets, the Group benefits from major assets such as its business
model combining resilience and strength, its ability to innovate
and its technological expertise. The Group develops solutions
contributing to climate and the energy transition—particularly with
hydrogen—and takes action to progress in areas of healthcare,
digital and high technologies.
Air Liquide’s revenue amounted to more than 27.5 billion euros
in 2023. Air Liquide is listed on the Euronext Paris stock exchange
(compartment A) and belongs to the CAC 40, CAC 40 ESG, EURO STOXX
50, FTSE4Good and DJSI Europe indexes.
www.airliquide.com Follow Air Liquide on
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version on businesswire.com: https://www.businesswire.com/news/home/20240523513796/en/
Media Relations media@airliquide.com
Investor Relations IRTeam@airliquide.com
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