0
General

America Movil issues exchangeable bonds with KPN shares

Friday 11 September 2015 | 09:03 CET | News
America Movil announced the completion of a placement of EUR 750 million in bonds exchangeable into shares of Dutch operator KPN. The three-year bonds pay annual interest of 5.5 percent, as well as an additional interest equal to 85 percent of the gross amount of cash dividends and distributions paid in relation to the underlying KPN ordinary shares. The minimum exchange price for the KPN shares is the volume-weighted average price of the stock on Euronext Amsterdam on 10 September 2015. This was set at EUR 3.3374 per share, meaning the bonds can be exchanged for nearly 225 million shares in

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: America Movil / KPN
Countries: Netherlands
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

America Movil mulling sale of stake in KPN

Published 17 Nov 2017 14:26 CET | World
America Movil may consider selling its 21.4 percent stake in KPN after receiving interest from a number of parties, Reuters ...

America Movil shareholders approve Nasdaq, Latibex delisting

Published 07 Oct 2016 13:53 CET | Mexico
America Movil has announced that its shareholders have approved the delisting of America Movil shares from the Nasdaq stock ...

America Movil considers sale of 21% KPN stake - report

Published 21 Apr 2016 14:20 CET | Netherlands
America Movil is considering the sale of its minority stake in Dutch operator KPN, people with knowledge of the matter told ...

America Movil raises EUR 1.5 bln in 8 and 12-year bonds

Published 09 Mar 2016 11:38 CET | Mexico
America Movil has issued EUR 1.5 billion in bonds on the euro market, raising EUR 850 million through an eight-year note and EUR ...

America Movil COO steps down from KPN board

Published 27 Nov 2015 11:12 CET | Netherlands
KPN announced that Oscar van Hauske Solis, COO of America Movil, has stepped down from the KPN supervisory board with immediate ...

America Movil reclassifies KPN stake as asset for sale

Published 17 Jul 2015 13:46 CET | Netherlands
America Movil has reclassified its stake in KPN as an "asset available for sale". Previously the around 21 percent stake was ...

America Movil to issue bonds exchangeable for KPN shares

Published 20 May 2015 10:51 CET | Netherlands
America Movil announced plans to issue bonds exchangeable into KPN shares. The offering is expected to raise EUR 2.25 billion, ...