Bonds and credit overview

The following graph shows the current debt maturity schedule,
as of November 8, 2017, in € millions:

On April 6, 2016, a GBP 250 million bond was repaid and a €500 million bond has been issued on April 8, 2016. On November 6, 2017, a €500 million floating rate note (FRN) was launched. These transactions have improved the overall debt profile of AkzoNobel, further reducing future refinancing risk and improving its maturity profile.

Debt type Issuer Maturity Currency Amount ISIN code
- Prospectus
- Supplement
Akzo Nobel NV 08/11/2019 EUR 500 XS1715353105
4.00% EUR Bond Akzo Nobel NV 17/12/2018 EUR 800 XS0719962986
2.625% EUR Bond Akzo Nobel Sweden Finance AB 27/07/2022 EUR 750 XS0809847667
1.75% EUR Bond Akzo Nobel NV 7/11/2024 EUR 500 XS1134519120
1.125% EUR Bond Akzo Nobel NV 8/4/2026 EUR 500 XS1391625289
* 3mE+20

Standby facility

€1.8 billion syndicated revolving credit facility

Key terms and conditions

Borrower Akzo Nobel N.V.
Facility amount: €1.8 billion
Purpose: General corporate purposes
Maturity: 2022
Financial ratio covenants: None

In addition to the €1.8 billion syndicated revolving credit facility, AkzoNobel has a €1.5 and $3 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.

Rating agency Long-term rating Outlook
Moody's¹ Baa1 stable
Standard & Poor's² BBB+ stable
¹. Rating affirmed on November 22, 2017
². Rating affirmed on October 2, 2018

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