Air Liquide has announced the successful issuance of a €500 million green bond, further advancing its strategic plan, ADVANCE. This move reaffirms the company’s commitment to combining both financial and extra-financial performance. The funds raised will primarily be directed toward financing or refinancing key energy transition projects, especially those related to low-carbon hydrogen and air gases.
This green bond issuance marks the third of its kind for Air Liquide, following similar successful issuances in 2021 and 2024, both of which were fully allocated. The transaction was notably oversubscribed, showcasing strong investor confidence despite the current market uncertainties.
The bond was issued under Air Liquide’s Euro Medium Term Note (EMTN) programme, with a 10-year maturity and a yield of 3.570% per year. The green bond has received an “A” rating from Standard & Poor’s and Scope Ratings, and an “A2” rating from Moody’s.
Jérôme Pelletan, Group Chief Financial Officer and Member of the Air Liquide Executive Committee, commented on the significance of the issuance: “This new green bond, issued less than a year after our previous one, underscores the strength of our market presence and the confidence investors have in our robust business model. The funds raised will support our record-level investments in 2024, enabling the implementation of transformative projects, particularly in the energy transition sector, in collaboration with our clients.”
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