Dutch incumbent KPN has priced a £400m 15-year bond at 5%.
The group said it will use the proceeds of the bond for general corporate purposes, and to extend its debt maturity portfolio.
According to KPN, Barclays Capital, Credit Suisse and JPMorgan…
Dutch incumbent KPN has priced a £400m 15-year bond at 5%.
The group said it will use the proceeds of the bond for general corporate purposes, and to extend its debt maturity portfolio.
According to KPN, Barclays Capital, Credit Suisse and JPMorgan are acting as joint book runners for the transaction.
At the end of Q3 2011, the company’s net debt amounted to €12.9bn and its net debt to EBITDA ratio stood at 2.5x.
