Air Liquide announces the successful issue of a €500 million green bond. The funds raised will be used to finance or refinance energy transition projects, particularly in the fields of low-carbon hydrogen, carbon capture and low-carbon gases. The bond, which matures in ten years, offers a yield of 3.466%. This transaction, largely oversubscribed by investors, was carried out under the Group’s Euro Medium Term Note (EMTN) program.
Air Liquide’s commitment to Sustainable Development
This issue confirms Air Liquide ‘s position as a regular issuer of ESG (environmental, social and governance) securities. By 2021, the Group had already launched its first green bond, marking its entry into the field of sustainable financing. The funds from this new issue will support Air Liquide’s long-term growth under very competitive financial conditions. Jérôme Pelletan, Group Chief Financial Officer, commented: “The success of this second green bond issue illustrates investors’ confidence in Air Liquide’s ability to implement pioneering technologies and projects that contribute to the decarbonization of our activities and the reduction of our customers’ carbon footprint.”
Innovative Technologies for a Low Carbon Society
Air Liquide has mastered various technologies that are essential to the transition to a low-carbon society. Among these, low-carbon hydrogen plays a crucial role, offering a clean alternative to traditional fossil fuels. Carbon capture and low-carbon gases are also key areas in which the Group is investing to reduce CO2 emissions. Air Liquide’s ADVANCE strategic plan inextricably links financial and extra-financial performance and illustrates the Group’s commitment to sustainable development. The projects financed by this green bond will not only support Air Liquide’s economic growth, but also make a significant contribution to the fight against climate change.
Long-term objectives and outlook
Standard & Poor’s and Scope Rating assigned an “A” rating to the issue, while Moody’s gave it an “A2” rating. These positive assessments reflect Air Liquide’s financial strength and the relevance of its investments in sustainable projects. The funds generated by this green bond will be allocated to projects that support the Group’s sustainable development objectives, in line with its commitments to carbon reduction and energy transition. Air Liquide plans to continue playing a leading role in the industry, focusing on innovative and environmentally-friendly solutions.
