Energy Economy

22 May 2021

Air Liquide to Refinance Hydrogen Projects with Launch of €500m Green Bond Issue

22 May 2021  by   

Air Liquide has launched its first green bond issue, raising €500m ($609m), that will be dedicated to financing and refinancing the development of several sustainable projects such as hydrogen.

The new bond issue will notably contribute to the financing of the ambitious sustainable projects that the group has announced this year- including hydrogen.

The transaction was executed under the group’s Euro Medium Term Note (EMTN programme and, with this assurance, is raising €500m ($609m) with a 10-year maturity at a yield of 0.461%.

Proceeds from this issuance will allow Air Liquide to refinance its September 2021 bond maturities in advance and will secure sustainable financing to support the group’s long-term growth under very competitive conditions.

Fabienne Lecorvaisier, Executive Vice-President of Finance and Operations at Air Liquide, said, “The success of this inaugural green bond issuance illustrates the investors’ confidence in Air Liquide’s ability to implement projects that will contribute to building a sustainable future.

“It is in line with the ambitious sustainable projects we announced in March, particularly in terms of reducing CO2 emissions, and will allow us to materialise them.

“With the ambition to become a regular issuer of sustainable bonds, Air Liquide is more than ever committed to putting economic and financial performance and ESG at the heart of its growth strategy.”

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