Dutch telecoms incumbent KPN has launched a cash tender offer for some of its outstanding notes.
The transaction covers its E1.425bn 4.5% notes due on 21 July 2011, a E1.25bn 5% notes due on 13 November 2012, a E850m 4.5% notes due on March 2013 and a…
Dutch telecoms incumbent KPN has launched a cash tender offer for some of its outstanding notes.
The transaction covers its E1.425bn 4.5% notes due on 21 July 2011, a E1.25bn 5% notes due on 13 November 2012, a E850m 4.5% notes due on March 2013 and a E850m 6.25% notes due on 16 September 2013.
The company said it launched the tender offer to extend the average maturity of its debt. It also intends to issue new debt securities.
BNP Paribas, Citigroup and Deutsche Bank are dealer managers.
