Munich, 5 December 2011 – Linde Finance BV, guaranteed by Linde AG (A3 stable/A- stable) has today successfully placed EUR 750 mn of senior notes in a 7 year maturity. The bond with a coupon of 3.125%, issued under the EUR 10 bn EMTN program, was priced at 87 basis points over MidSwaps. The transaction was 6 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.
"This transaction is part of our ongoing financing strategy, reinforcing our liquidity position and ensuring further flexibility to navigate future market volatility", said Georg Denoke, member of the Executive Board and CFO of Linde AG.
About The Linde Group
The Linde Group is a world-leading gases and engineering company with around 50,000 employees working in more than 100 countries worldwide. In the 2010 financial year, it achieved sales of 12.868 billion euro. The strategy of The Linde Group is geared towards sustainable earnings-based growth and focuses on the expansion of its international business with forward-looking products and services. Linde acts responsibly towards its shareholders, business partners, employees, society and the environment – in every one of its business areas, regions and locations across the globe. Linde is committed to technologies and products that unite the goals of customer value and sustainable development.
For more information, see The Linde Group online at http://www.linde.com
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Linde Finance BV