AkzoNobel successfully issues €500 million bond

April 4, 2016

AkzoNobel successfully issues €500 million bond

AkzoNobel announced that the company on April 1, 2016 has launched a €500 million bond at attractive terms, with a ten-year maturity, at a coupon of 1.125 percent.

The new bond issue extends the duration of the overall bond portfolio, taking advantage of favourable market conditions and low interest rates.

The new bond will be issued by Akzo Nobel N.V. and will be listed on the Luxembourg Stock Exchange. Settlement is scheduled for April 8, 2016, and the bonds will mature on April 8, 2026.  

AkzoNobel is committed to maintaining a strong investment grade rating. Currently, the company has a BBB+ rating with Standard & Poor's and a Baa1 rating with Moody's.

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AkzoNobel creates everyday essentials to make people's lives more liveable and inspiring. As a leading global paints and coatings company and a major producer of specialty chemicals, we supply essential ingredients, essential protection and essential color to industries and consumers worldwide. Backed by a pioneering heritage, our innovative products and sustainable technologies are designed to meet the growing demands of our fast-changing planet, while making life easier. Headquartered in Amsterdam, the Netherlands, we have approximately 45,000 people in around 80 countries, while our portfolio includes well-known brands such as Dulux, Sikkens, International, Interpon and Eka. Consistently ranked as a leader in sustainability, we are dedicated to energizing cities and communities while creating a protected, colorful world where life is improved by what we do.

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