Linde issues a 5 year USD 400 million Eurodollar bond

Saturday, 07 Nov 2009

Linde Finance BV, guaranteed by Linde Aktiengesellschaft, has issued a 5 year USD 400 million Eurodollar bond. Proceeds will be used to refinance existing USD liabilities of Linde and to further improve its maturity profile.

The bond, which is due on November 13th 2014, pays a coupon of 3.625%. With this well received debut transaction on the Eurodollar market Linde continues its successful funding strategy of utilizing a broad range of funding sources and instruments.

Mr Georg Denoke CFO of Linde AG said that "With our global business set up we own a significant asset base in USD. We are taking opportunity of the attractive conditions in the Eurodollar market to diversify our financing structure accordingly."

Joint book runners were HSBC and Morgan Stanley. Linde is rated Baa1 (stable) by Moody's and BBB+ (positive) by S&P. The transaction has been launched under Linde's Debt Issuance Program. The bond has the following ISIN XS 0465484938 and will be listed on the Luxembourg Stock Exchange.