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General

KPN issues EUR 750 mln benchmark Eurobond

Thursday 26 July 2012 | 08:59 CET | News
KPN has successfully issued an 8.5 year EUR 750 million Eurobond, set to mature in February 2021 with a coupon of 3.25 percent. 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 operator will put proceeds from the bond towards general corporate purposes; the issue will also help extend KPN's debt maturity profile. KPN has a credit rating of Baa2 with a negative outlook by Moody's and BBB with a stable outlook by S&P. Bank of America Merrill Lynch,

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Categories: General
Companies: KPN
Countries: Netherlands
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