Business
KPN successfully issues € 500m senior bond
NOT FOR DISTRIBUTION TO ANY U.S. PERSON OR ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT Today, Koninklijke KPN N.V. (“KPN”) has successfully issued a € 500m senior unsecured bond with a 3.500% coupon maturing on 12 May 2034 (the “Bonds”). The new Bonds increase the average maturity of KPN’s outstanding bonds and have been placed with a broad range of institutional investors. Earlier today, KPN announced
About this update from Royal Kpn Nv
[{"type":"image","alt":"Koninklijke KPN N.V.","displaySize":"","headline":null,"caption":"Koninklijke KPN N.V.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":166,"url":"https://media.zenfs.com/en/globenewswire.com/1f58b0d5bc8ca72e83e393554c4251dc"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/U7Jn4w7dWSuc6K._sBAwfw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTIzMjtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/1f58b0d5bc8ca72e83e393554c4251dc","width":300,"height":166}},"lazy":false},{"type":"text","content":"NOT FOR DISTRIBUTION TO ANY U.S. PERSON OR ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT","length":181,"tagName":"p"},{"type":"text","content":"Today, Koninklijke KPN N.V. (“KPN”) has successfully issued a € 500m senior unsecured bond with a 3.500% coupon maturing on 12 May 2034 (the “Bonds”). The new Bonds increase the average maturity of KPN’s outstanding bonds and have been placed with a broad range of institutional investors.","length":289,"tagName":"p"},{"type":"text","content":"Earlier today, KPN announced an offer to repurchase part of KPN’s outstanding GBP notes due 2026 and 2029 (the “Offers”).","length":121,"tagName":"p"},{"type":"text","content":"The Bonds are issued under KPN’s Global Medium Term Note programme and will be listed on the regulated market of Euronext Dublin. Proceeds will be used to refinance existing debt including financing the Offers and for general corporate purposes.","length":245,"tagName":"p"},{"type":"text","content":"KPN has a credit rating of BBB with stable outlook by S&P and BBB with stable outlook by Fitch. BNP PARIBAS and Citigroup acted as Global Co-ordinators and ABN AMRO, Goldman Sachs Bank Europe SE, SMBC and Unicredit acted as Active Bookrunners for the issuance.","length":264,"tagName":"p"},{"type":"text","content":"DisclaimerThese materials are not for release, distribution or publication, whether directly or indirectly and whether in whole or in part, to U.S. persons or into or in the United States, Australia, Canada or Japan or any (other) jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. This press release is not an offer of the Bonds for sale in the United States, Australia, Canada or Japan or any (other) jurisd...