Akzo Nobel breaks two year silence with swift €800m alongside tender

Akzo Nobel, the Dutch paints, coatings and speciality chemicals company, has launched an €800m bond today as part of a liability management exercise.

  • 08 Dec 2011

The company, rated Baa1/BBB+ with stable outlooks, hired Barclays Capital, Royal Bank of Scotland and Société Générale to sell the seven year deal. They announced the bond at about 11am London time, with guidance of 190bp-200bp over mid-swaps.

“The reason for the late announcement was that we are dealing ...

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All Corporate Bonds

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5 Barclays 89,152.07 396 4.42%

Bookrunners of Euro Denominated Corporate IG Bonds

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1 BNP Paribas 24,789.49 114 8.88%
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4 HSBC 16,938.83 77 6.07%
5 SG Corporate & Investment Banking 15,665.73 86 5.61%

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1 JPMorgan 29,820.93 232 10.57%
2 Citi 23,746.29 188 8.42%
3 Bank of America Merrill Lynch 22,954.16 203 8.14%
4 Goldman Sachs 20,887.87 148 7.41%
5 Barclays 19,256.47 129 6.83%

Bookrunners of European Corporate IG Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Deutsche Bank 24,182.92 82 6.45%
2 HSBC 23,902.07 109 6.38%
3 Barclays 23,817.08 108 6.35%
4 BNP Paribas 23,234.24 113 6.20%
5 Citi 20,797.03 89 5.55%