Akzo Nobel N.V. pricing and results of tender offer
(Thomson Reuters ONE) - Akzo Nobel N.V. (the "Company") announced today pricing and resultsof its invitation (the "Offer") to holders of its outstanding ?750million 4.25% Bonds 2003 due 2011 (ISIN: XS0170265341) (the "Bonds").The Company is pleased to announce that (i) the Company has raisednew financing on terms satisfactory to it in order to finance theRepurchase Price and Accrued Interest as described in the TenderOffer Memorandum and (ii) it has accepted for purchase an aggregateprincipal amount of approximately ?211.5 million of the Bonds at aRepurchase Price of ?1,040.44.The Repurchase Price for the Bonds was determined at or around 4.00p.m. (CET) today in the manner described in the Tender OfferMemorandum by reference to the sum of the Repurchase Spread of +0basis points and the Interpolated Mid-Swap Rate, as follows:1 Year Mid-Swap Rate: 1.256%2 Year Mid-Swap Rate: 1.765%Interpolated Mid-Swap Rate: 1.515%Repurchase Yield: 1.515%Repurchase Price per ?1,000 principal amount: ?1,040.44Accrued Interest per ?1,000 principal amount: ?20.84Settlement is expected to occur on December 10, 2009.Dealer Managers: Citi (Liability Management Group: +44 20 7986 8969),DB (Liability Management Group: +44 20 7545 8011) and RBS (LiabilityManagement: +44 20 7085 8056); Tender Agent: Lucid (+44 20 77040880).No Offer was made in the US or Italy or to any resident of the US orItaly. Other restrictions also applied.- - -AkzoNobel is proud to be one of the world's leading industrialcompanies. Based in Amsterdam, the Netherlands, we make and supply awide range of paints, coatings and specialty chemicals - 2008 revenuetotaled ?15.4 billion. In fact, we are the largest global paints andcoatings company. As a major producer of specialty chemicals wesupply industries worldwide with quality ingredients for life'sessentials. We think about the future, but act in the present. We'repassionate about introducing new ideas and developing sustainableanswers for our customers. That's why our 58,000 employees - who arebased in more than 80 countries - are committed to excellence anddelivering Tomorrow's Answers Today(TM).Not for publication - for more informationCorporate Media Relations, tel. +31 20 502 7833Corporate Investor Relations, tel. +31 20 502 7854Contact: Tim van derZanden Contacts:Huib Wurfbain and Ivar Smitshttp://hugin.info/130660/R/1359072/331150.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 03.12.2009 - 16:37 Uhr
Sprache: Deutsch
News-ID 9241
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