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KPN prices €1.25bn dual-tranche bond for refinancing

Connectivity BusinessbyConnectivity Business
September 1, 2016
in Financing, Space Services
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Dutch incumbent KPN has priced a eurobond offering, split between a €625m (US$700m) tranche maturing in April 2025 with a 0.625% coupon and a €625m tranche maturing in September 2028 with a 1.125% coupon. The telco, in which Carlos Slim’s América Móvil has a 21% stake, said proceeds would be used to repurchase a maximum €750m (US$836m) worth of senior secured bonds […]

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