Air Products announced an offer to investors holding its €300,000,000 6.50 per cent notes due July 2007, allowing them to exchange these notes for new fixed rate Eurobonds due 2013 to be issued by the company.
This is part of Air Products’ ongoing management of its debt portfolio and will enable the company to extend the average maturity and lower the average interest rate on its outstanding debt.
ABN AMRO Bank N.V. and Barclays Bank PLC are the Dealer Managers for the exchange offer, which is scheduled to expire on 2 November 2005.
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