International law firm Simmons & Simmons has advised a group of leading institutions - Barclays Bank Ireland, Citigroup Global Markets Europe, HSBC Continental Europe, J.P. Morgan SE and Société Générale - in their role as joint lead managers on the issuance of a €500m corporate bond.
The bond, issued by Akzo Nobel - the leading Dutch paints and coatings company - offers a fixed interest rate of 3.75% and will mature in 2034. Issued as part of the Euro Medium Term Note (EMTN) Programme, the funds secured will be used for general corporate purposes.
JP Morgan SE acted as documentation bank and settlement bank for the issuance.
The Simmons deal team was comprised of cross-border experts, led by Amsterdam-based capital markets partner, Peter Voorhees; London-based capital markets partner, Piers Summerfield and supported by Amsterdam-based associate Rosa Temminghoff.
Commenting on the transaction, Peter Voorhees said: "We, alongside our colleagues in London, are pleased to continue to work closely with Akzo Nobel in meeting their financing objectives through the debt capital markets."
