KPN Royal KPN NV

KPN successfully issues € 500m senior bond

KPN successfully issues € 500m senior bond

NOT FOR DISTRIBUTION TO ANY U.S. PERSON OR ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT

Today, Koninklijke KPN N.V. (“KPN”) has successfully issued a € 500m senior unsecured bond with a 3.500% coupon maturing on 12 May 2034 (the “Bonds”). The new Bonds increase the average maturity of KPN’s outstanding bonds and have been placed with a broad range of institutional investors.

Earlier today, KPN announced an offer to repurchase part of KPN’s outstanding GBP notes due 2026 and 2029 (the “Offers”).

The Bonds are issued under KPN’s Global Medium Term Note programme and will be listed on the regulated market of Euronext Dublin. Proceeds will be used to refinance existing debt including financing the Offers and for general corporate purposes.

KPN has a credit rating of BBB with stable outlook by S&P and BBB with stable outlook by Fitch. BNP PARIBAS and Citigroup acted as Global Co-ordinators and ABN AMRO, Goldman Sachs Bank Europe SE, SMBC and Unicredit acted as Active Bookrunners for the issuance.

Disclaimer

These materials are not for release, distribution or publication, whether directly or indirectly and whether in whole or in part, to U.S. persons or into or in the United States, Australia, Canada or Japan or any (other) jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. This press release is not an offer of the Bonds for sale in the United States, Australia, Canada or Japan or any (other) jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.

The Bonds are not 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 Bonds or an exemption from registration under the US Securities Act being applicable. There will not be a public offering of the Bonds in the United States of America.

Formal disclosures:

Royal KPN N.V.

Head of IR: Matthijs van Leijenhorst

Inside information: Yes

Topic: KPN successfully issues € 500m senior bond

03/02/2026

KPN-N

Attachment



EN
03/02/2026

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Royal KPN NV

 PRESS RELEASE

KPN reports on progress of € 250m share buyback

KPN reports on progress of € 250m share buyback KPN has repurchased 1,000,000 KPN ordinary shares in the period from 16 February to 20 February 2026. The shares were repurchased at an average price of € 4.65 per share for a total consideration of € 4.7m. These repurchases are part of the € 250m share buyback started on 29 January 2026 and reflect KPN's commitment to structurally return additional capital to its shareholders. The total number of ordinary shares repurchased until 20 February 2026 is 3,400,000 for a total consideration of € 15.2m. Aggregated transaction details of the share ...

 PRESS RELEASE

KPN presents Annual Report 2025: Value of Connection

KPN presents Annual Report 2025: Value of Connection Today, Royal KPN N.V. ("KPN") publishes its 2025 Annual Report: Value of Connection. In a year marked by strong focus on digitalization, AI, resilience and sustainability, KPN once again delivered solid results. Supported by growth across all segments, continued investments in fiber, 5G, cybersecurity and further improvements in customer service, KPN remains firmly on track to deliver on its ambitions. The Annual Report has been prepared in accordance with the CSRD guidelines.  Annual General Meeting of Shareholders On 15 April 2026, KP...

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

AEGON: Uneventful results, US weaker, underlying OCG in line / Air France-KLM: Productivity gains starting to filter through / Arcadis: Weak revenues and EBITA, but strong NWC / Ascencio: Results in line, no concerns on Carrefour Belgium exposure / Azelis: Persisting softness in 4Q25, continued focus on costs and cash / BAM Group: Solid 2H25 results, 2026 outlook in line / Belgian telecoms: Telenet improved net adds, to relist as part of Ziggo in 2027, Liberty to sell half of its 66% Wyre stake ...

David Vagman ... (+2)
  • David Vagman
  • CFA

KPN/Delivering on 2027, Delta still a question mark/HOLD

The stock has rerated in line with the Telecoms sector, +15% YTD, which we factor in with a lower WACC, despite some limited cuts in estimates for 2026 following the CMD and 4Q25 results. KPN deservedly trades at best in class European telecom multiples but we don't see much room for further outperformance. We are in line with management and consensus on the guidance of 7% FCF CAGR to 2027, indirect cost savings offsetting more intense competitive pressure, but are more prudent on the 2027-30 ta...

 PRESS RELEASE

KPN reports on progress of € 250m share buyback

KPN reports on progress of € 250m share buyback KPN has repurchased 1,000,000 KPN ordinary shares in the period from 9 February to 13 February 2026. The shares were repurchased at an average price of € 4.58 per share for a total consideration of € 4.6m. These repurchases are part of the € 250m share buyback started on 29 January 2026 and reflect KPN's commitment to structurally return additional capital to its shareholders. The total number of ordinary shares repurchased until 13 February 2026 is 2,400,000 for a total consideration of € 10.6m. Aggregated transaction details of the share b...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch