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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