AkzoNobel successfully issues ?500 million bond
(Thomson Reuters ONE) -
October 31, 2014
AkzoNobel today announced that the company has launched a ?500 million bond at
attractive terms, with a ten-year maturity, at a coupon of 1.75 percent.
The new bond issue extends the duration of the overall bond portfolio, taking
advantage of favorable market conditions and historically low interest rates.
The new bonds will be issued by Akzo Nobel N.V. and will be listed on the
Luxembourg Stock Exchange. Settlement is scheduled for November 7, 2014, and the
bonds will mature on November 7, 2024.
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.
- - -
AkzoNobel is a leading global paints and coatings company and a major producer
of specialty chemicals. We supply industries and consumers worldwide with
innovative products and are passionate about developing sustainable answers for
our customers. Our portfolio includes well-known brands such as Dulux, Sikkens,
International and Eka. Headquartered in Amsterdam, the Netherlands, we are
consistently ranked as one of the leaders in the area of sustainability. With
operations in more than 80 countries, our 50,000 people around the world are
committed to delivering leading products and technologies to meet the growing
demands of our fast-changing world.
Not for publication - for more information
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Safe Harbor Statement
This press release contains statements which address key issues such as
AkzoNobel's growth strategy, future financial results, market positions, product
development, products in the pipeline and product approvals. Such statements
should be carefully considered, and it should be understood that many factors
could cause forecasted and actual results to differ from these statements. These
factors include, but are not limited to, price fluctuations, currency
fluctuations, developments in raw material and personnel costs, pensions,
physical and environmental risks, legal issues, and legislative, fiscal, and
other regulatory measures. Stated competitive positions are based on management
estimates supported by information provided by specialized external agencies.
For a more comprehensive discussion of the risk factors affecting our business
please see our latest annual report, a copy of which can be found on our website
www.akzonobel.com
Press release AkzoNobel:
http://hugin.info/130660/R/1867650/656275.pdf
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(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Akzo Nobel NV via GlobeNewswire
[HUG#1867650]
Unternehmensinformation / Kurzprofil:
Datum: 31.10.2014 - 16:35 Uhr
Sprache: Deutsch
News-ID 348760
Anzahl Zeichen: 3547
contact information:
Town:
Amsterdam
Kategorie:
Business News
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