Air Products and Chemicals completes €500m bond offering with no stabilisation

Published 11/06/2025, 09:08
Air Products and Chemicals completes €500m bond offering with no stabilisation

LONDON - Air Products and Chemicals (NYSE:APD), Inc. has completed a €500 million senior unsecured bond offering with a 7-year maturity, according to a post-stabilisation announcement released Wednesday by J.P. Morgan Securities PLC.

The bonds were priced at 99.661% with a yield of 3.305%. J.P. Morgan Securities PLC served as the stabilisation coordinator, while Barclays (LON:BARC), Credit Agricole (OTC:CRARY) CIB, Deutsche Bank (ETR:DBKGn), and Standard Chartered (LON:STAN) acted as stabilisation managers.

The announcement confirmed that no stabilisation activities were undertaken in relation to the securities offering. Stabilisation refers to market interventions that can temporarily support the price of newly issued securities.

The bonds will be listed on the New York Stock Exchange, and the offering was registered with the U.S. Securities and Exchange Commission.

The announcement follows a pre-stabilisation period announcement that was issued on June 10, 2025.

Air Products and Chemicals, Inc. is a global industrial gases company that provides essential products, services, and solutions to customers across various industries.

This information was provided in a post-stabilisation announcement released by J.P. Morgan Securities PLC through the London Stock Exchange (LON:LSEG)’s news service.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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