Munich, 4 November 2009 - Today, Linde Finance B.V., guaranteed by Linde Aktiengesellschaft, 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 13 November 2014, pays a coupon of 3.625 percent. With this well received debut transaction on the Eurodollar-market Linde continues its successful funding strategy of utilising a broad range of funding sources and instruments. "With our global business set-up we own a significant asset base in USD", said Georg Denoke, CFO of Linde AG. "We are taking opportunity of the attractive conditions in the Eurodollar-market to diversify our financing structure accordingly."
Joint Bookrunners 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 Programme. The bond has the following ISIN XS 0465484938 and will be listed on the Luxembourg Stock Exchange.
The Linde Group is a world leading gases and engineering company with almost 50,000 employees working in around 100 countries worldwide. In the 2008 financial year it achieved sales of EUR 12.7 billion. 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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