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• KPN Vandaag

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Den Haag, 22-5-07

KPN has successfully launched a dual-tranche Euro and Sterling bond with an aggregate amount of EUR 1 billion, consisting of a 650 million Euro tranche with a maturity of 7 years and a coupon of 4.75%, and a 250 million Sterling tranche (approximately EUR 367 million) with a maturity of 12 years and a Pound Sterling coupon of 6% which swapped to Euro amounts to an interest rate of 5.12%. The bonds were placed with a broad range of institutional investors in Europe.

The bonds are issued under KPN’s Global Medium Term Note programme and will be listed on Euronext Amsterdam. The proceeds will be used to smoothen the 2010 debt maturities, to redeem temporary drawdowns on the EUR 1.5 billion credit facility and for general corporate purposes.

KPN has a credit rating of BBB+ with negative outlook by S&P and Baa2 with stable outlook by Moody's.