Hybrids at the double for Linde.

The article focuses on the issuance of a second hybrid deal and a subordinated note in sterling by Linde, the German industrial gases and forklift truck group. The transaction aims help finance the company's £8.2 billion buy-out of British gases company BOC. Linde group treasurer Erhard Wehlen cites the decision to postpone the launch of the deal due to volatility that affects the outstanding hybrid deals. Wehlen adds that the company's evaluation showed that hybrid bond is applicable for an optimal financing strategy in an acquisition scenario.