KPN issues 15 year GBP 400 million Sterling bond

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Den Haag, 11-11-11



KPN has successfully launched a GBP 400 million benchmark Sterling bond with a maturity of 15 years and a coupon of 5.0%. 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 proceeds of this bond will be used for general corporate purposes. With this bond KPN extends 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 and JPMorgan have acted as joint book runners for this transaction.