Back to LIN
Linde launches Eurodollar-bond

MUNICH, GERMANY -- (Marketwire) -- 11/04/09 --


Munich, 4 November 2009 - Today, Linde Finance B.V., guaranteed by Linde Aktiengesellschaft, issued a 5-year USD 400 million Eurodollar-bond. Proceeds will be used to refinance existing USD liabilities of Linde and to further improve its maturity profile. The bond, which is due 13 November 2014, pays a coupon of 3.625 percent. With this well received debut transaction on the Eurodollar-market Linde continues its successful funding strategy of utilising a broad range of funding sources and instruments. "With our global business set-up we own a significant asset base in USD", said Georg Denoke, CFO of Linde AG. "We are taking opportunity of the attractive conditions in the Eurodollar-market to diversify our financing structure accordingly."

Joint Bookrunners were HSBC and Morgan Stanley. Linde is rated Baa1 (stable) by Moody's and BBB+ (positive) by S&P. The transaction has been launched under Linde's Debt Issuance Programme. The bond has the following ISIN XS 0465484938 and will be listed on the Luxembourg Stock Exchange.

The Linde Group is a world leading gases and engineering company with almost 50,000 employees working in around 100 countries worldwide. In the 2008 financial year it achieved sales of EUR 12.7 billion. The strategy of The Linde Group is geared towards sustainable earnings-based 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. Linde 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


For additional information:

Press                          Investor Relations
Uwe Wolfinger                  Thomas Eisenlohr
Telephone: +49.89.35757-1320   Telephone: +49.89.35757-1330


This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.



Copyright © Hugin AS 2009. All rights reserved.

Back to LIN
Wikinvest © 2006, 2007, 2008, 2009. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki