Bond & Credit Information
The following graph shows the debt maturity schedule as per December 31, 2011:
Bond Information
In December 2011, we successfully re-purchased the nominal amounts of €175 million of the 7.75% bond maturing in January 2014 and €353 million of the 7.25% bond maturing in March 2015. We also issued a €800 million 4% bond maturing in December 2018. These actions helped to improve the overall debt profile of AkzoNobel, further reducing future financing risk and improving our maturity profile.
Both the chart as well as the table are updated for this change:
Standby Facility
€1.8 billion syndicated Revolving Facility
| Key terms & conditions |
| Borrower | Akzo Nobel NV |
| Facility amount | € 1.8 billion |
| Purpose | General corporate purposes |
| Maturity | 2016 |
| Financial ratio covenants | None |
In addition to the €1.8 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 April 21, 2011
2 Rating affirmed on April 8, 2011
Related Links
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