By Angela McDaniels
Tacoma, Wash., Sept. 12 - L'Air Liquide SA subsidiary Air Liquide Finance issued RMB 2.6 billion of Chinese renminbi-denominated bonds (/A/), according to a company news release.
The company issued RMB 1.75 billion of 3% bonds due Sept. 19, 2016 on Thursday and RMB 850 million of 3.95% bonds due Sept. 19, 2018 on Friday.
The bonds are guaranteed by the parent company.
The company said the bonds were placed with institutional investors, mainly in Asia.
Air Liquide received approval from the People's Bank of China to repatriate the funds into mainland China, and the proceeds will help develop Air Liquide's activities in China.
The company said it is the first French company to issue renminbi-denominated bonds.
Air Liquide is a Paris-based company that supplies oxygen, nitrogen, hydrogen and other gases.
| Issuer: | Air Liquide Finance
|
| Guarantor: | L'Air Liquide SA
|
| Issue: | Bonds
|
| Amount: | RMB 2.6 billion
|
| Rating: | Standard & Poor's: A
|
|
|
| First series
|
| Amount: | RMB 1.75 billion
|
| Maturity | : | Sept. 19, 2016
|
| Coupon: | 3%
|
| Settlement date: | Sept. 8
|
|
|
| Second series
|
| Amount: | RMB 850 million
|
| Maturity | : | Sept. 19, 2018
|
| Coupon: | 3.95%
|
| Settlement date: | Sept. 9
|
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