KPN issues EUR 850 million Eurobond

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Den Haag, 26-3-08

KPN has successfully launched a EUR 850 million Eurobond with a long 7 year maturity and a coupon of 6.50%. The bond was placed with a broad range of institutional investors in Europe.


The bonds have been issued under KPN’s Global Medium Term Note program and will be listed on Euronext Amsterdam. The proceeds of this bond will be used to redeem the temporary drawdowns on the credit facilities, to refinance bonds maturing in 2008 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.


BNP Paribas, Rabobank and RBS have acted as joint book runners for this transaction.