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AkzoNobel Issues New Debt at 2.625%

11:01 AM MDT | July 20, 2012 | Vincent Valk

AkzoNobel is issuing €750 million in bonds due in 2022, the company says. The bonds will carry an interest rate of 2.625%. They were in high demand, with an order book exceeding €7 billion, AzkzoNobel says. The new debt will reduce the company's refinancing risk and improve its maturity profile, the company adds. The debt offering will close on July 27. The bonds will be listed on the Luxembourg Stock...

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