Loading...
Loading...

Linde launches hybrid bond successfully

Linde has successfully priced through Linde Finance B.V. a EUR 1.05bn equivalent 2-tranche Hybrid Bond Offering

The STG 250mn tranche was priced at gilts plus 345bps, achieving a coupon of 8.125 per cent and the EUR 700mn tranche was priced at mid-swaps plus 312.5bps, achieving a coupon of 7.375 per cent.

Proceeds will be used to finance the bridge facility implemented for the intended acquisition of all shares of The BOC Group plc, Windlesham/UK.

The successful transaction was significantly oversubscribed. In a volatile market environment the issue was priced at the tight end of the revised price guidance.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...
-->