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General

KPN completes bond issue programme

Friday 22 March 2013 | 09:59 CET | News
KPN brought out on 21 March a hybrid USD bond issue worth USD 600 million, or EUR 465 million, De Telegraaf reported. The issue marks the completion of the company's previously announced hybrid bond programme of EUR 2 billion. CFO Eric Hageman said the loan was more than 8 times oversubscribed. The company began on 20 March with a 7.5 percent coupon rate but was able to lower it to 7 percent thanks to strong interest. Earlier this month, the company launched two hybrid bonds issues, one in euros and and the other in pounds, for a total value of EUR 1.56 billion. The three bonds have different

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Categories: General
Companies: America Movil / KPN
Countries: Netherlands
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