Linde AG / Linde launches EUR 1 bn bond . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement.
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
Dr Sven Schneider
| Investor Relations|
Dr Dominik Heger
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Linde AG via Thomson Reuters ONE
--- End of Message ---
Klosterhofstrasse 1 Munich Germany
WKN: 648300;ISIN: DE0006483001;Index:Prime All Share,HDAX,DAX,CDAX;
Listed: Freiverkehr in Niedersächsische Börse zu Hannover,
Prime Standard in Frankfurter Wertpapierbörse,
Regulierter Markt in Frankfurter Wertpapierbörse,
Regulierter Markt in Börse Stuttgart,
Regulierter Markt in Bayerische Börse München,
Regulierter Markt in Börse Berlin,
Regulierter Markt in Hanseatische Wertpapierbörse zu Hamburg,
Regulierter Markt in Börse Düsseldorf;