Praxair selling $750 million of three-, 10-year notes Wednesday

By Andrea Heisinger

New York, Feb. 13 - Praxair Inc. is expected to price $750 million of notes (A2/A/) in two tranches on Wednesday, according to a 424B3 filing with the Securities and Exchange Commission.

A source close to the trade said the maturities would be three years and 10 years.

Bookrunners are BofA Merrill Lynch, HSBC Securities (USA) Inc. and Mitsubishi UFJ Securities (USA) Inc.

Proceeds will be used for general corporate purposes, including acquisitions and share repurchases.

Praxair was last in the market with a $700 million trade of notes in two tranches on Nov. 2, 2012. That offering included a 1.05% five-year note sold at 33 basis points over Treasuries and a 3.55% 30-year bond priced at 68 bps over Treasuries.

The industrial gas company is based in Danbury, Conn.

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