Air Liquide: Issue of SRI bonds for a total amount of €500 million

  Air Liquide: Issue of SRI bonds for a total amount of €500 million

Business Wire

PARIS -- October 08, 2012


Air Liquide Finance (Paris:AI) issued today its first SRI (Socially
Responsible Investment*) labeled bond for a total amount of €500 million, 
under its Euro Medium Term Notes (EMTN) Program. This bond, fully guaranteed
by L’Air Liquide SA, was mostly placed with SRI mandated investors and enables
the Group to access new funding sources. After public and supra-national
issuers, Air Liquide becomes the first private company to issue bonds meeting
the SRI investors’ criteria.

This transaction, issued at a very competitive interest rate, will contribute
to the refinancing of the Gasmedi and LVL Médical acquisitions, two major
players in the home healthcare sector in Europe.

The attribution of a rating from the extra-financial rating agency Vigeo
allowed the bond qualification as Socially Responsible Investment. Such
evaluation relies upon social, environmental and governance attributes of the
Group’s home healthcare activity, which serves more than 700,000 patients over
the world.

The success of this bond issue demonstrates the high level of confidence of
European investors in Air Liquide’s solid financial position, rated
«A-Positive Outlook» by Standard & Poor’s.

Characteristics of the bonds issued:

                             Amount: €500 million
                                Maturity: 2021
                              Coupon: 2.125% pa

Main characteristics of the bond

Issuer: Air Liquide Finance

Guarantor: L’Air Liquide SA

Format: Fixed rate, repayment at maturity

Amount: EUR 500 million

Maturity: 2021

Coupon: 2.125% pa

Upcoming event

2012 Third quarter results:

Thursday, October 25, 2012

*Socially Responsible Investment

Application of the principles of sustainable development to the act of
investment. Approach consisting of systematically taking into account three
dimensions, namely the environment, the social aspect and governance (ESG), in
addition to the usual financial criteria.

Air Liquide is the world leader in gases for industry, health and the
environment, and is present in 80 countries with 46,200 employees. Oxygen,
nitrogen, hydrogen and rare gases have been at the core of Air Liquide’s
activities since its creation in 1902. Using these molecules, Air Liquide
continuously reinvents its business, anticipating the needs of current and
future markets. The Group innovates to enable progress, to achieve dynamic
growth and a consistent performance.

Innovative technologies that curb polluting emissions, lower industry’s energy
use, recover and reuse natural resources or develop the energies of tomorrow,
such as hydrogen, biofuels or photovoltaic energy… Oxygen for hospitals, home
healthcare, fighting nosocomial infections…Air Liquide combines many products
and technologies to develop valuable applications and services not only for
its customers but also for society.

A partner for the long term, Air Liquide relies on employee commitment,
customer trust and shareholder support to pursue its vision of sustainable,
competitive growth. The diversity of Air Liquide’s teams, businesses, markets
and geographic presence provides a solid and sustainable base for its
development and strengthens its ability to push back its own limits, conquer
new territories and build its future.

Air Liquide explores the best that air can offer to preserve life, staying
true to its Corporate Social Responsibility and sustainable development
approach. In 2011, the Group’s revenues amounted to €14.5 billion, of which
more than 80% were generated outside France. Air Liquide is listed on the
Paris Euronext stock exchange (compartment A) and is a member of the CAC 40
and Dow Jones Euro Stoxx 50 indexes.


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Air Liquide
Corporate Communications
Corinne Estrade-Bordry, +33 (1) 40 62 51 31
Garance Bertrand, +33 (1) 40 62 59 62
Investor Relations
Virginia Jeanson, +33 (0)1 40 62 57 37
Annie Fournier, +33 (0)1 40 62 57 18
Group Financing & Treasury
Jacques Molgo, +33 (0)1 40 62 57 75
Edouard Neyrand, +33 (0)1 40 62 57 08
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