Mar. 30, 2009 (Hugin AS) --
AkzoNobel has today announced that the company has successfully
launched a Sterling bond issue of £250 million with a maturity of
seven years.
The completion of this transaction allows AkzoNobel to extend its
debt maturity profile. The deal offers an 8 percent coupon and allows
the company to diversify its credit investor base and funding
sources.
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 April 6, 2009 and the
bonds will mature on April 6, 2016.
AkzoNobel is rated BBB+, negative by Standard & Poors and Baa1
negative by Moody's. Barclays (NYSE:BCS) Capital, JP Morgan Chase and HSBC (NYSE:HBC) ,
acted as joint lead managers for this issue.
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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
2008 revenue totalled ¤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).
Not for publication - for more information
Akzo Nobel nv
Corporate Media Relations, tel. +31 20 Corporate Investor Relations,
502 7833 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.
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