Dutch incumbent KPN announced the launch of a ten-year E500m Eurobond on 8 September.
The bond, which has a coupon of 4.5%, was placed “with a broad range of investors”, stated KPN.
As well as extending the company’s debt maturity profile, the…
Dutch incumbent KPN announced the launch of a ten-year E500m Eurobond on 8 September.
The bond, which has a coupon of 4.5%, was placed “with a broad range of investors”, stated KPN.
As well as extending the company’s debt maturity profile, the proceeds of the bond will be used for general corporate purposes.
KPN said that ABN AMRO, BofA Merrill Lynch and RBS acted as joint book runners for the transaction.
At the end of Q2 2011, KPN’s net debt amounted to E12.5bn and its net debt to EBITDA ratio stood at 2.4.
