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The bond issue extends the duration of the company’s overall bond portfolio.
September 17, 2024
By: KERRY PIANOFORTE
Editor, Coatings World
AkzoNobel has announced the launch of a €500 million bond at attractive terms, with a ten-year maturity and a coupon of 3.750%. The bond issue extends the duration of the company’s overall bond portfolio, taking advantage of favorable market conditions. The bond will be issued by Akzo Nobel N.V. and will be listed on the Luxembourg Stock Exchange. Settlement is scheduled for September 16, 2024, with the bond maturing on September 16, 2034.
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