Air Liquide Raises €500 Million Through New Green Bond to Support Energy Transition Projects
French industrial gas supplier, Air Liquide has successfully issued a €500 million green bond, reinforcing its commitment to sustainable growth. The proceeds will be used to finance or refinance key energy transition initiatives, including projects focused on low-carbon hydrogen, carbon capture, and low-carbon air gases.
Key points:
Amount: 500 million
Issuer: Air Liquide Finance, guaranteed by L’Air Liquide SA
Settlement: May 29, 2024
Maturity: May 29, 2034 (10 years)
Format: Fixed rate, repayment at maturity
Coupon: 3.375% p.a.
The bond, launched under Air Liquide’s Euro Medium Term Note (EMTN) programme, was highly oversubscribed, reflecting strong investor interest. It carries a 10-year maturity with a yield of 3.466%, offering favorable financial terms for the Group’s long-term sustainability goals. Rated “A” by Standard & Poor’s and Scope Ratings and “A2” by Moody’s, this issuance follows Air Liquide’s debut green bond in 2021, highlighting the company’s role as a consistent ESG issuer.
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.
Jérôme Pelletan, Group Chief Financial Officer,
