AkzoNobel successfully issues 500 million floating rate note (FRN)

Monday, 06 November 2017


 

 

Akzo Nobel N.V. (AKZA; AKZOY)

 

AkzoNobel announces that it has launched a €500 million floating rate note (FRN) at attractive terms, with a two-year maturity.

The new issue allows AkzoNobel to take advantage of favorable market conditions and low interest rates while strengthening its liquidity position. Proceeds of the notes will be used for general corporate purposes.

The issue will be listed on the Luxembourg Stock Exchange. Settlement is scheduled for November 10, 2017, and the notes will mature on November 8, 2019.

AkzoNobel is committed to maintaining a strong investment grade rating. Currently, the company has an A- rating with Standard & Poor's and a Baa1 rating with Moody's.

This is a public announcement by Akzo Nobel N.V. pursuant to section 17 paragraph 1 of the European Market Abuse Regulation (596/2014). This public announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities.

About AkzoNobel

AkzoNobel creates everyday essentials to make people's lives more liveable and inspiring. As a leading global paints and coatings company and a major producer of specialty chemicals, we supply essential ingredients, essential protection and essential color to industries and consumers worldwide. Backed by a pioneering heritage, our innovative products and sustainable technologies are designed to meet the growing demands of our fast-changing planet, while making life easier. Headquartered in Amsterdam, the Netherlands, we have approximately 46,000 people in around 80 countries, while our portfolio includes well-known brands such as Dulux, Sikkens, International, Interpon and Eka. Consistently ranked as a leader in sustainability, we are dedicated to energizing cities and communities while creating a protected, colorful world where life is improved by what we do.

Safe Harbor Statement

This press release contains statements which address such 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 This press release contains statements which address such 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
 
   

Presented by Cathy McLeanhttp://www.bymnews

BYM where the news is read.

1.5 Million News items opened Jan. 1- Apr. 30 2017

Our readership http://www.bymnews.com/pdf/january-june-2017-statistics.pdf

Two for the price of one a place on one of our 3 carousels plus a PDF in BYM magazine, embedded images included Just $42.50 PCM

Detailshttp://www.bymnews

 

                                                                                               

 

Last Updated ( Monday, 06 November 2017 )