- €500 million raised to fund low-carbon hydrogen and air gas projects.
- Transaction significantly oversubscribed, demonstrating strong investor confidence.
- Supports Air Liquide’s strategic plan, ADVANCE, balancing financial growth with sustainability.
Air Liquide successfully issued a €500 million green bond, reaffirming its commitment to sustainable growth as outlined in its strategic ADVANCE plan. The bond, maturing in March 2035, carries a fixed annual coupon of 3.500%.
Funds from this issuance will finance flagship projects in energy transition, particularly in low-carbon hydrogen and air gases. This marks Air Liquide’s third green bond issuance, following fully allocated bonds in 2021 and 2024.
Jérôme Pelletan, Group Chief Financial Officer, emphasized:
“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.”

Rated “A” by Standard & Poor’s and Scope Ratings, and “A2” by Moody’s, the bond issuance highlights Air Liquide’s consistent appeal among top-tier investors and underscores its strategic commitment to financial and environmental sustainability.