Issuer: Royal KPN
Date October 1998
Amount: Dm2 billion ($1.2 billion)
Global coordinators: Warburg Dillon Read, ABN Amro
“The deal effectively reopened the corporate bond market,” says Manfred Schepers, managing director and global head of debt capital markets at Warburg Dillon Read. Dutch telecoms company Royal KPN proved with its first Deutschmark market entry that it wasn’t only governments that could issue during the crisis provoked by Russia’s domestic debt moratorium.
The company had roadshowed months in advance to introduce the KPN name to any Europeans unfamiliar with it and was able to tap into a wider investor base than ever before.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
