AkzoNobel announced it has launched a €1.1 billion dual-tranche bond, consisting of €600 million and €500 million tranches with five-year and 10-year maturities.

The company said the bonds carry coupons of 4.000% and 4.625%, respectively, and will mature on March 25, 2031, and March 25, 2036. The issuance is expected to settle on March 25, 2026, and will be listed on the Luxembourg Stock Exchange.

AkzoNobel said the transaction extends the duration of its bond portfolio and supports financing initiatives related to its proposed merger with Axalta Coating Systems.

The bonds were issued by Akzo Nobel N.V. as part of the company’s broader capital strategy.

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