Koninklijke KPN

28 Mar 2008

Rating: Baa2/BBB+
Amount: Eu850m
Maturity: 15 January 2016
Issue/re-offer price: 99.836
Coupon: 6.5%
Spread at re-offer: 225bp over mid-swaps, 269bp over the January 2016 Bund
Launched: Wednesday 26 March
Payment date: 2 April
Joint bookrunners: BNP Paribas, Rabobank, Royal Bank of Scotland

Bookrunners’ comment:

KPN came to the market to refinance two upcoming redemptions: a £175m ...

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