Koninklijke KPN NVKPN
▲ PositiveCapitalrelevance
KPN's tender offer and new hybrid bond optimize interest costs and manage hybrid capital, a positive financial move.
Impact on stocks 1
Cloud & Digital Infrastructure
Koninklijke KPN NVKoninklijke KPN N.V. has announced the results and pricing of its tender offer for its outstanding €500 million Perpetual Fixed Rate Resettable Capital Securities, accepting €407 million of the securities tendered at a purchase price of 102.608 percent. The offer, which expired on 8 September 2026, was part of a transaction financed with proceeds from a new €500 million hybrid bond, aimed at proactively managing KPN's hybrid capital and optimizing interest costs. After settlement, €93 million of the securities will remain outstanding, and KPN intends to redeem all remaining securities at their principal amount, as the accepted amount exceeds the 75 percent threshold for substantial repurchase. Settlement is expected on 10 September 2026, with Barclays and ING acting as dealer managers and Kroll Issuer Services Limited as tender agent.
Koninklijke KPN NVKPN's tender offer and new hybrid bond optimize interest costs and manage hybrid capital, a positive financial move.