Press Release: KPN successfully issues € 600m Senior bond

KPN successfully issues € 600m Senior bond

Today, Koninklijke KPN N.V. (“KPN”) has successfully issued a € 600 million senior unsecured Eurobond with a 3.875% coupon maturing on 3 July 2031. The new Eurobond increases the average maturity of KPN’s outstanding bonds and has been placed with a broad range of institutional investors.

The Eurobond is issued under KPN’s Global Medium Term Note programme and will be listed on the regulated market of Euronext Dublin. Proceeds will be used for general corporate purposes, including refinancing of existing debt.

KPN has a credit rating of Baa3 with stable outlook by Moody's, BBB with stable outlook by S&P and BBB with stable outlook by Fitch.

The Eurobond has been placed with the assistance of ABN AMRO, BNP Paribas, Goldman Sachs Bank Europe SE, IMI‑Intesa Sanpaolo and ING acting as Joint Lead Managers.

Disclaimer

This communication is not for release, distribution or publication, whether directly or indirectly and whether in whole or in part, into or in the United States, or any (other) jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.

The offer of bonds referred to in this communication was limited in the European Economic Area and the United Kingdom to qualified investors only. The bonds have not been and will not be registered under the US Securities Act of 1933, as amended (the US Securities Act) and will also not be registered with any authority competent with respect to securities in any state or other jurisdiction of the United States of America. The bonds may not be offered or sold in the United States of America without either registration of the securities or an exemption from registration under the US Securities Act being applicable.