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AkzoNobel Successfully Issues a €500 Million Bond

The bond issue extends the duration of the company’s overall bond portfolio.

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By: KERRY PIANOFORTE

Editor, Coatings World, 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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