(AKZA; AKZOY)

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.

About AkzoNobel

We supply the sustainable and innovative paints and coatings that our customers, communities – and the planet– are increasingly relying on. Our world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. We’re active in more than 150 countries and have set our sights on becoming the global industry leader. It’s what you’d expect from a pioneering paints company that’s committed to science-based targets and is taking genuine action to address globally relevant challenges and protect future generations.