Site Search

DEUTSCH All Languages

Companies in the News

Akzo Nobel NV (AMS:AKZA) AkzoNobel Successfully Launches €1 Billion Bond Issue

Akzo Nobel NV (AMS:AKZA) AkzoNobel has today announced that the company has successfully launched a euro bond issue of €1 billion with a maturity of five years.

The proceeds of this transaction will allow AkzoNobel to extend its debt maturity profile. This €1 billion bond issue, which offers a 7.75 percent coupon, attracted more than €3.5 billion in orders and has been placed with a diversified investor base.

The bonds are issued by Akzo Nobel Sweden Finance AB, guaranteed by Akzo Nobel NV, and they will be listed on the Luxembourg Stock Exchange.

Trading is expected to commence on December 12 and the bonds will mature on January 31, 2014.

AkzoNobel is rated A- negative by Standard & Poors and A3 negative by Moody's. BNP Paribas, Deutsche Bank and HSBC acted as joint lead managers for this issue.

- - -

Note to editors

AkzoNobel is proud to be one of the world's leading industrial companies. Based in Amsterdam, the Netherlands, we make and supply a wide range of paints, coatings and specialty chemicals - pro forma 2007 revenue totaled €14.4 billion. In fact, we are the largest global paints and coatings company. As a major producer of specialty chemicals we supply industries worldwide with quality ingredients for life's essentials. We think about the future, but act in the present. We're passionate about introducing new ideas and developing sustainable answers for our customers. That's why our 60,000 employees - who are based in more than 80 countries - are committed to excellence and delivering Tomorrow's Answers Today(TM).

Not for publication - for more information

Akzo Nobel nv

Corporate Media Relations, tel. Corporate Investor Relations, tel. +31 20 502 7833 +31 20 502 7856 Contact:Tim van der Zanden Contact: Dick Luijckx, Ivar Smits, Huib Wurfbain

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

LINK: http://hugin.info/130660/R/1275280/283813.pdf

Akzo Nobel NV

http://www.akzonobel.com

ISIN: NL0000009132

Stock Identifier: AEX.AKZA

US: NASDAQ:AKZOY

Verbundene Unternehmen

Akzo Nobel

ABN Newswire Diese Seite wurde besucht: (letzten 7 Tagen: 2) (letzten 30 Tagen: 19) (seit Veröffentlichung: 1412)