Akzo Nobel NV (AKZANA)

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Akzo Nobel NV (AKZANA)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	MTRL	PRCD	AKZANA	Akzo Nobel NV	€500		1	EMEA	Sep 11, 2024

Tranche #1Akzo Nobel NV

currency

EUR

size (m)

500.000

maturity

Sep 16, 2034

type

Fixed

tenor

10.000

call

registration

Reg S Only

benchmark

Swaps

ranking

Sr. Unsecured

moody's

Baa2

s&p

BBB

fitch

size description

re-open/tap

ipt

MS+175 a

ipt-pxd

guidance

MS+145 a

spread

140

coupon

3.75%

spread set

price

99.86100

yield

3.767%

book size (m)

2,300

peak book (m)

x-covered

4.6

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

book size (m)

2,300

peak book (m)

x-covered

4.6

book attrition

nic

billing & delivering

active leads

joint leads

,,,

passive leads

co-managers

coordinating managers

Tranche Comments

10 yr: Book size: 2300; Registration: Reg S Only; Comments: EUR500m WNG 10yr snr unsec bmk RegS. Baa2/BBB. Barc/Citi/HSBC(B&D)/JPM/SG. IPTs MS+175 area, guidance MS+145 area, launch MS+140. Final books 2.3+ (peak 2.6bn+). HR 90% vs DBR 2.6% Aug 2034 (B+165.8 / Px: 104.35). FTT 3:30pm. Par Call: 3m. Cleanup Call: 80%. MWC: B+25bp. CoC: 100%. LEI: 724500XYIJUGXAA5QD70;

Use of Proceeds

General Corporate Purposes

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