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• KPN Vandaag

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Den Haag, 22-9-09

KPN has successfully launched a Eurobond for an amount of EUR 700 million, with a 15 year maturity and a coupon of 5.625%. The bond has been placed with a broad range of institutional investors across Europe.

The bond has been issued under KPN’s Global Medium Term Note programme and will be listed on Euronext Amsterdam. The proceeds of this bond will be used to refinance debt and for general corporate purposes. With this bond KPN extended its maturity profile.

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

Barclays Capital, Credit Suisse, Rabobank International and UniCredit Group have acted as joint bookrunners for this transaction.

Last week KPN completed its swap transaction for the GBP 850 million, 20 year bond, issued in September 2009, resulting in an annual Euro-equivalent coupon of 5.98%.