By Aleesia Forni
Virginia Beach, Nov. 4 - Praxair, Inc. sold $500 million of 1.9% notes due Feb. 28, 2019 on Monday with a spread of Treasuries plus 45 basis points, according to an FWP filed with the Securities and Exchange Commission.
Pricing was at 99.94 to yield 1.911%.
Citigroup Global Markets Inc. was the bookrunner.
Proceeds will be used for general corporate purposes, including debt repayment and share repurchases under a repurchase program.
The industrial gas company is based in Danbury, Conn.
| Issuer: | Praxair Inc.
|
| Amount: | $500 million
|
| Description: | Notes
|
| Maturity: | Feb. 28, 2019
|
| Bookrunner: | Citigroup Global Markets Inc.
|
| Coupon: | 1.9%
|
| Price: | 99.94
|
| Yield: | 1.911
|
| Spread: | Treasuries plus 45 bps
|
| Trade date: | Feb. 28
|
| Settlement date: | Nov. 12
|
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