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Air Liquide SA
Air Liquide Finance SA

Air Liquide Finance SA (AIFP)

Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
MTRL
PRCD
AIFP
Air Liquide Finance SA€2,150
4EMEA
Oct 29, 2025
currency
EUR
size (m)
400.000
maturity
Nov 5, 2027
type
Floating
tenor
2.000
call
-
registration
Reg S Only
benchmark
3mEu
ranking
Sr. Unsecured
moody's
A2
s&p
A
fitch
-
size description
Will Not Grow
re-open/tap
No
ipt
3mEu+45 area
ipt-pxd
-
guidance
3mEu+25 area
spread
23
coupon
3mEu+23
spread set
-
price
100.00000
yield
-
book size (m)
1,700
peak book (m)
-
x-covered
4.25
book attrition
-
nic
-
billing & delivering
SOC
active leads
BNP,DEU,GSC,NAT,...
joint leads
-
passive leads
BOC,BRC,CAG,CMZ,...
co-managers
-
coordinating managers
-
book size (m)
1,700
peak book (m)
-
x-covered
4.25
book attrition
-
nic
-
billing & delivering
SOC
active leads
BNP,DEU,GSC,NAT,...
joint leads
-
passive leads
BOC,BRC,CAG,CMZ,...
co-managers
-
coordinating managers
-
currency
EUR
size (m)
500.000
maturity
Nov 5, 2029
type
Fixed
tenor
4.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
A2
s&p
A
fitch
-
size description
-
re-open/tap
No
ipt
MS+70-75
ipt-pxd
-
guidance
MS+40 area
spread
38
coupon
2.625%
spread set
-
price
99.94000
yield
2.641%
book size (m)
2,300
peak book (m)
-
x-covered
4.6
book attrition
-
nic
-
billing & delivering
SOC
active leads
BNP,DEU,GSC,NAT,...
joint leads
-
passive leads
BOC,BRC,CAG,CMZ,...
co-managers
-
coordinating managers
-
book size (m)
2,300
peak book (m)
-
x-covered
4.6
book attrition
-
nic
-
billing & delivering
SOC
active leads
BNP,DEU,GSC,NAT,...
joint leads
-
passive leads
BOC,BRC,CAG,CMZ,...
co-managers
-
coordinating managers
-
currency
EUR
size (m)
500.000
maturity
May 5, 2033
type
Fixed
tenor
7.500
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
A2
s&p
A
fitch
-
size description
-
re-open/tap
No
ipt
MS+95 area
ipt-pxd
-
guidance
MS+65 area
spread
63
coupon
3.00%
spread set
-
price
99.25300
yield
3.115%
book size (m)
1,700
peak book (m)
-
x-covered
3.4
book attrition
-
nic
-
billing & delivering
GSC
active leads
BNP,DEU,GSC,NAT,...
joint leads
-
passive leads
BOC,BRC,CAG,CMZ,...
co-managers
-
coordinating managers
-
book size (m)
1,700
peak book (m)
-
x-covered
3.4
book attrition
-
nic
-
billing & delivering
GSC
active leads
BNP,DEU,GSC,NAT,...
joint leads
-
passive leads
BOC,BRC,CAG,CMZ,...
co-managers
-
coordinating managers
-
currency
EUR
size (m)
750.000
maturity
Nov 5, 2037
type
Fixed
tenor
12.000
call
-
registration
Reg S Only
benchmark
Swaps
ranking
Sr. Unsecured
moody's
A2
s&p
A
fitch
-
size description
-
re-open/tap
No
ipt
MS+115-120
ipt-pxd
-
guidance
MS+85 area
spread
80
coupon
3.50%
spread set
-
price
99.88400
yield
3.512%
book size (m)
1,800
peak book (m)
-
x-covered
2.4
book attrition
-
nic
-
billing & delivering
GSC
active leads
BNP,DEU,GSC,NAT,...
joint leads
-
passive leads
BOC,BRC,CAG,CMZ,...
co-managers
-
coordinating managers
-
book size (m)
1,800
peak book (m)
-
x-covered
2.4
book attrition
-
nic
-
billing & delivering
GSC
active leads
BNP,DEU,GSC,NAT,...
joint leads
-
passive leads
BOC,BRC,CAG,CMZ,...
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 1700; Registration: Reg S Only; Comments: EUR400m 2yr frn cpn 3mEu+23 at 100. Sread: 3mEu+23. Par Call: 1m. CoC: Yes. LEI: 549300YGXL5Z3R14K812; Book size: 2300; Registration: Reg S Only; Comments: EUR500m 4yr fxd cpn 2.625% at 99.940, yld 2.641%. Sread: MS+38. 50.6bps vs OBL 2.5% Oct-2029 @101.366 / 2.135% (HR: 99%). Par Call: 2m. MWC: B+10. Clean-up Call: 75%. CoC: Yes. Acquisition Event Call: 100.5%. LEI: 549300YGXL5Z3R14K812; Book size: 1700; Registration: Reg S Only; Comments: EUR500m 4yr fxd cpn 3.00% at 99.253, yld 3.115%. Sread: MS+63. 69.5bps vs DBR 2.3% Feb-2033 @99.200 / 2.420% (HR: 100%). Par Call: 3m. MWC: B+10. Clean-up Call: 75%. CoC: Yes. Acquisition Event Call: 100.5%. LEI: 549300YGXL5Z3R14K812; Book size: 1800; Registration: Reg S Only; Comments: EUR750m 4yr fxd cpn 3.50% at 99.884, yld 3.512%. Sread: MS+80. 79.3bps vs DBR 4% Jan-2037 @112.200 / 2.719% (HR: 94%). Par Call: 3m. MWC: B+16. Clean-up Call: 75%. CoC: Yes. Acquisition Event Call: 101%. LEI: 549300YGXL5Z3R14K812;
Guarantor(s)
L’Air Liquide SA
Use of Proceeds
Financing of the acquisition of DIG Airgas or the Air Liquide Group’s general corporate purposes
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About
Careers
Contact
Solutions
API Overview
API Documentation
Global Issuers List
Global Parents List
Pricing
OpenMarket Profiles
Career Portal
CapEdge
CreditFlow
Deal Roadshow
DealVDR
Evercall
More
Americas
+1 888 997 6610
APAC
+852 3018 1600
EMEA
+44 80817 87364
support@creditflowresearch.com
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