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|
|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|
€1.8 billion syndicated revolving credit facility
Key terms and conditionsBorrower Akzo Nobel N.V.
Facility amount: €1.8 billion
Purpose: General corporate purposes
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.
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|
|Standard & Poor's²||A-||negative|
|¹. Rating affirmed on November 22, 2017|
|². Rating affirmed on October 20, 2017|