By Aleesia Forni
Virginia Beach, July 28 – Air Products & Chemicals Inc. was in the market with a $400 million offering of 3.35% 10-year notes (A2/A/) priced at Treasuries plus 90 basis points, according to an informed source.
Proceeds from the offering will be used for general corporate purposes, including the repayment of commercial paper.
Bookrunners are Barclays, RBS Securities Inc. and Wells Fargo Securities LLC.
Air Products is an industrial gas and chemical maker based in Allentown, Pa.
| Issuer: | Air Products & Chemicals Inc.
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| Amount: | $400 million
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| Description: | Senior notes
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| Maturity: | 2024
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| Bookrunners: | Barclays, RBS Securities Inc., Wells Fargo Securities LLC
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| Coupon: | 3.35%
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| Spread: | Treasuries plus 90 bps
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| Trade date: | July 28
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| Ratings: | Moody’s: A2
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| Standard & Poor's: A
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| Price talk: | Treasuries plus 95 bps area
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