AkzoNobel issues €500 million floating rate notes

AkzoNobel issues €500 million floating rate notes

5:26 AM, 7th November 2017
AkzoNobel logo

AMSTERDAM, NETHERLANDS: AkzoNobel NV 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 favourable market conditions and low-interest rates while strengthening its liquidity position.

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

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