Linde AG
frankfurt : LIN

September 05, 2012 10:25 ET

Linde launches EUR 1 bn bond

MUNICH, GERMANY--(Marketwire - Sep 5, 2012) -


Linde AG /

Linde launches EUR 1 bn bond

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Munich, 5 September 2012 - Linde AG (A stable/A3 stable) has today successfully placed EUR 1 bn of senior notes with an 8-year maturity. The bond, with a coupon of 1.75 % issued under the EUR 10 bn EMTN programme, was priced at 35 basis points over MidSwaps. The transaction was three times oversubscribed with huge demand from high quality institutional investors and retail intermediaries. The proceeds from the transaction will be used to repay the syndicated loan that Linde arranged to finance the acquisition of US homecare company Lincare Inc.

"It is crucial to be able to act swiftly in a volatile market climate," said Georg Denoke, member of the Executive Board and CFO of Linde AG. "We were keen to quickly replace a substantial part of the acquisition loan with long-term capital market liabilities. Once again, we succeeded in achieving extremely attractive conditions. This transaction underscores our excellent reputation among our investors."

The Linde Group is a world-leading gases and engineering company with around 51,000 employees in more than 100 countries worldwide. In the 2011 financial year, it generated revenue of EUR 13.787 bn. The strategy of The Linde Group is geared towards long-term profitable 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. The Group 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

Press Release as PDF: http://hugin.info/125064/R/1638920/527370.pdf



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Source: Linde AG via Thomson Reuters ONE [HUG#1638920]

Contact Information

  • Further information:

    Media
    Uwe Wolfinger
    Phone: +49.89.35757-1320

    Investor Relations
    Dr Dominik Heger
    Phone: +49.89.35757-1334

    Treasury
    Dr Sven Schneider
    Phone: +49.89.35757-1600

    Lisa Tilmann
    Phone: 49.89.35757-1328

    Stefan Hess
    Phone: +49.89.35757-1610