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Air Liquide Releases €500 Million Green Bond to Fund Sustainable Energy Initiatives
Air Liquide Releases €500 Million Green Bond to Fund Sustainable Energy Initiatives

Air Liquide Releases €500 Million Green Bond to Fund Sustainable Energy Initiatives

  • 27-May-2024 7:02 PM
  • Journalist: Patricia Jose Perez

Air Liquide has effectively launched a fresh 500 million euros green bond, aligning with its vision of merging growth with sustainable advancement. The company plans to allocate the funds raised to support pivotal energy transition initiatives and sustainable projects, notably focusing on low-carbon hydrogen, carbon capture, and low-carbon air gases. This latest issuance underscores Air Liquide's ongoing commitment to environmental, social, and governance (ESG) initiatives, following its initial green bond offering in 2021.

The transaction, which saw a notable oversubscription from investors, was carried out within the framework of the Group's Euro Medium Term Note (EMTN) programme. Through this issuance, Air Liquide is securing 500 million euros with a maturity period of 10 years, yielding at 3.466%.

The funds raised from this issuance will enable Air Liquide to finance or refinance key energy transition and sustainable projects, while also facilitating the Group's long-term growth under highly competitive financial terms.

Jérôme Pelletan, Group Chief Financial Officer, remarked: The achievement of this second green bond issuance underscores investors' trust in Air Liquide's capacity to deploy technologies and lead initiatives aimed at decarbonizing our operations while assisting our customers in reducing their carbon footprint. This aligns with our strategic roadmap, ADVANCE, which intricately connects financial and non-financial achievements. The technologies Air Liquide specializes in, particularly in low-carbon hydrogen, carbon capture, and low-carbon air gases, play an active and tangible role in transitioning toward a low-carbon society.

Air Liquide stands as a global frontrunner in gases, technologies, and services catering to industry and healthcare needs. With a presence in 72 countries and a workforce of 67,800 individuals, the Group caters to over 4 million customers and patients worldwide. Oxygen, nitrogen, and hydrogen, fundamental molecules crucial for life, matter, and energy, encapsulate Air Liquide's scientific domain and have been integral to the Group's operations since its inception in 1902.

At the core of Air Liquide's strategy lies the ethos of taking proactive steps today while laying the groundwork for the future. Through its strategic plan for 2025, known as ADVANCE, Air Liquide aims for a holistic performance encompassing both financial and non-financial aspects on a global scale. Positioned in emerging markets, the Group leverages significant assets, including its resilient and robust business model, innovative capacity, and technological proficiency. By developing solutions that drive climate and energy transition, notably in hydrogen, Air Liquide is committed to advancing in healthcare, digital, and high-tech domains. In 2023, Air Liquide generated revenue exceeding 27.5 billion euros.

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