Akzo Nobel N.V.
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Publicatie datum
08 dec 2011 - 17:34
Statutaire naam
Akzo Nobel N.V.
Titel
AkzoNobel announces new bond and launches tender offer to improve the company's debt maturity profile
Bericht
December 8, 2011
AkzoNobel announced today that the company intends to issue a €800m euro bond with a seven year maturity, at a coupon of 4%. The announcement of the bond was well received by the market with an order book exceeding €3 billion.
AkzoNobel has simultaneously announced a tender offer to re-purchase an estimated €600 million of its previously issued bonds, specifically bonds set to mature in January 2014 (7.75 percent, €1 billion) and March 2015 (7.25 percent, €975 million).
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