Bond & Credit Information
The following graph shows the debt maturity schedule:
Bond Information
In November 2009, AkzoNobel tendered €212 million from the 4.25% €750 million bond. In December 2009, a tap of €225 million was added to the 7.25% €750 million bond. Both the chart as well as the table are updated for this change:
Standby Facility
€1.5 billion syndicated Revolving Facility
| Key terms & conditions |
| Borrower | Akzo Nobel NV |
| Facility amount | € 1.5 billion |
| Purpose | General corporate purposes |
| Maturity | 2013 |
| Financial ratio covenants | None |
In addition to the €1.5 billion revolving facility, AkzoNobel has a €1.5 & $1 billion commercial paper program in place, which can only be used to the extent that the equivalent portion of the revolving credit facility is not used .
Credit Rating
AkzoNobel is committed to maintaining a strong investment grade rating. Regular review meetings are held between rating agencies and AkzoNobel senior management.
See table for present rating and outlook: (the Fitch rating is unsolicited)
| Rating agency | Long-term rating | Outlook |
| Moody’s1 | Baa1 | stable |
| Standard & Poor’s2 | BBB+ | stable |
1 Rating affirmed on September 3, 2010
2 Rating affirmed on August 27, 2010
Related Links
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