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General

KPN brings in EUR 1.56 bln with hybrid bonds

Friday 8 March 2013 | 10:47 CET | News
KPN has raised EUR 1.56 billion with its bond issue, CEO Eric Hageman told Het Financieele Dagblad. The CEO expects the company to bring in another EUR 440 million within the coming weeks. The issue was composed of two tranches of hybrid bonds, KPN said earlier. One tranch has a coupon of 6.125 percent and a volume of EUR 1.1 billion euros. For the loan of EUR 400 million, KPN will pay 6.875 percent of interest. Deutsche Bank, Goldman Sachs and J P Morgan acted as advisors and are acting as joint bookrunners, together with BNP Paribas and RBS. Barclays and Société Générale are co-lead

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Categories: General
Companies: KPN
Countries: Netherlands
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