Air Products Plans First Euro Bond Sale Since 2007 as Costs Drop

Wednesday, 31 Jul 2013 06:21 AM

 

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Air Products & Chemicals Inc. is speaking to investors for its first sale of bonds denominated in euros since 2007 as the average yield on investment-grade corporate notes in the region falls.

The industrial-gas producer, based in Allentown, Pennsylvania, hired banks to arrange the call and may sell notes afterward, according to a person familiar with the matter who asked not to be identified because it’s private.

The average yield for investment-grade bonds in euros fell to 1.96 percent, the lowest in more than a week, Bloomberg bond index data show.

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