Air Liquide issues EUR500 mn green bond to finance energy transition

Industrial gases firm Air Liquide says it has successfully issued a new EUR500 million green bond. In line with its strategic plan, Air Liquide’s ambition is to combine financial and extra-financial performances.

The group intends to use the proceeds from the issuance to finance or refinance flagship energy transition projects, in particular in the field of low-carbon hydrogen and air gases.

This green bond issuance is the third by the group, in line with previous issuances in 2021 and 2024, both of which were fully allocated.

This transaction, significantly oversubscribed by investors, was executed under the group’s Euro Medium Term Note (EMTN) programme. With this issuance, Air Liquide is raising EUR500 million euros with a 10-year maturity at a yield of 3.57% per year.

This issue will be rated « A » by Standard & Poor’s and Scope Ratings and « A2 » by Moody’s.

Jérôme Pelletan, Group Chief Financial Officer/Member of the Air Liquide Executive Committee, commented: “This new green bond issuance, less than a year after the launch of our previous one, confirms the strength of our market signature in a context marked by numerous uncertainties. It once again reflects investor confidence in our robust business model. The funds raised will contribute to financing our investment decisions, which reached a record level in 2024, enabling us to implement transformative projects with and for our clients, particularly in the area of energy transition.”