KPN has successfully launched a EUR 500 million benchmark Eurobond with a maturity of 10 years and a coupon of 4.5%. The bond has been placed with a broad range of institutional investors.
The bond has been issued under KPN’s Global Medium Term Note programme and will be listed on NYSE Euronext in Amsterdam. The proceeds of this bond will be used for general corporate purposes. With this bond KPN extends its maturity profile.
KPN has a credit rating of BBB+ with stable outlook by S&P and Baa2 with stable outlook by Moody's.
ABN AMRO, BofA Merrill Lynch and The Royal Bank of Scotland have acted as joint book runners for this transaction
For further information:
Corporate Communications
Media Relations
Tel: +31 070 4466300
Fax: +31 070 4466310
Email:
press@kpn.com
Investor Relations
Tel: +31 070 4460986
Fax: +31 070 4460593
Email:
ir@kpn.com