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AkzoNobel successfully launches ¤750 million bond issue
Thursday, March 19, 2009 10:00 AM


Mar. 19, 2009 (Hugin AS) --

AkzoNobel has today announced that the company has successfully
launched a euro bond issue of ¤750 million with a maturity of 6
years.

The completion of this transaction allows AkzoNobel to extend its
debt maturity profile. The deal, which offers a 7.25 percent coupon,
attracted more than ¤2.5 billion of demand and has been placed with a
diversified investor base.

The bonds are issued by Akzo Nobel NV (OOTC:AKZOY) , and will be listed on the
Luxembourg Stock Exchange.

Settlement date of the transaction is set at March 27, 2009 and the
bonds will mature on March 27, 2015.

AkzoNobel is rated BBB+, negative by Standard & Poors and Baa1
negative by Moody's. Barclays (NYSE:BCS) Capital, ING, JP Morgan Chase and
Société Générale, acted as joint lead managers for this issue.

- - -


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 - 2008 revenue
totaled ¤15.4 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).


Note to editors - not for publication

For more information
Akzo Nobel nv
Corporate Media Relations, tel. +31 20 502 7833
Corporate Investor Relations, tel. +31 20 502 7856
Contact: Tim van der
Zanden Contact:
Huib Wurfbain, Ivar Smits


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

http://hugin.info/130660/R/1299006/296191.pdf

(Source: iStockAnalyst )


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