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Bond & Credit Information

The following graph shows the current debt maturity schedule, as of April 8, 2016, in € millions:
bond graph 2016

Bond Information

On April 6 2016, a GBP250 million bond was repaid and a €500 million bond has been issued on April 8 2016. These transactions have improved the overall debt profile of AkzoNobel, further reducing future refinancing risk and improving its maturity profile.  

Debt typeIssuerMaturityCurrencyAmountISIN code
4.00% EUR BondAkzo Nobel NV17/12/2018EUR800XS0719962986
2.625% EUR BondAkzo Nobel Sweden
Finance AB
1.75% EUR BondAkzo Nobel NV07/11/2024EUR500XS1134519120
1.125% EUR BondAkzo Nobel NV08/04/2026EUR500XS1391625289

Standby facility
€1.8 billion syndicated revolving credit facility

Key terms & conditions
BorrowerAkzo Nobel NV
Facility amount€ 1.8 billion
PurposeGeneral corporate purposes
Financial ratio covenantsNone

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

See table for present rating and outlook:

Rating agencyLong-term ratingOutlook
Standard & Poor's2BBB+stable

1 Rating affirmed on November 25, 2015 

2 Rating affirmed on October 13, 2015