KPN launches EUR 500 million perpetual hybrid bond offering

• KPN launched a EUR 500 million offering of Perpetual Fixed Rate Resettable Capital Securities, priced at 99.45% of face value.
• The hybrid securities pay 4.625% until the first reset date on Dec. 9, 2031, with annual coupons each Dec. 9.
• They are perpetual, with issuer call options from Sept. 9, 2031, then on each interest payment date.
• KPN can defer interest, with deferred amounts accruing and becoming payable on the first mandatory settlement date.
• S&P Global Ratings Europe and Fitch Ratings Ireland expected to rate the securities BB+.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Koninklijke KPN NV published the original content used to generate this news brief on September 04, 2026, and is solely responsible for the information contained therein.