Obligation KPN 0.875% ( XS2406890066 ) en EUR

KPN

78.17 % ▼

Pays-Bas

XS2406890066 ( en EUR )

0.875% par an ( paiement annuel )

15/11/2033

Prospectus brochure de l'obligation KPN XS2406890066 en EUR 0.875%, échéance 15/11/2033

100 000 EUR

700 000 000 EUR

15/11/2024 ( Dans 181 jours )

L'Obligation émise par KPN ( Pays-Bas ) , en EUR, avec le code ISIN XS2406890066, paye un coupon de 0.875% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 15/11/2033

FINAL TERMS
PROHIBITION OF SALES TO EEA RETAIL INVESTORS The Notes are not intended to be offered,
sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail
investor in the European Economic Area (EEA). For these purposes, a retail investor means a person who is
one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended,
MiFID II); (ii) a customer within the meaning of Directive 2016/97/EU (as amended, the Insurance
Distribution Directive), where that customer would not qualify as a professional client as defined in point
(10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in the Prospectus Regulation.
Consequently no key information document required by Regulation (EU) No 1286/2014 (the PRIIPs
Regulation) for offering or selling the Notes or otherwise making them available to retail investors in the EEA
has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail
investor in the EEA may be unlawful under the PRIIPs Regulation.
PROHIBITION OF SALES TO UK RETAIL INVESTORS The Notes are not intended to be offered,
sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail
investor in the United Kingdom (UK). For these purposes, a retail investor means a person who is one (or
more) of: (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms part
of domestic law by virtue of the European Union (Withdrawal) Act 2018 (EUWA); (ii) a customer within the
meaning of the provisions of the FSMA and any rules or regulations made under the FSMA to implement
Directive (EU) 2016/97, where that customer would not qualify as a professional client, as defined in point (8)
of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the EUWA; or
(iii) not a qualified investor as defined in Article 2 of Regulation (EU) 2017/1129 as it forms part of domestic
law by virtue of the EUWA. Consequently no key information document required by Regulation (EU) No
1286/2014 as it forms part of domestic law by virtue of the EUWA (the UK PRIIPs Regulation) for offering
or selling the Notes or otherwise making them available to retail investors in the UK has been prepared and
therefore offering or selling the Notes or otherwise making them available to any retail investor in the UK may
be unlawful under the UK PRIIPs Regulation.
MIFID II product governance / Professional investors and ECPs only target market Solely for the
purposes of each manufacturer's product approval process, the target market assessment in respect of the Notes
has led to the conclusion that: (i) the target market for the Notes is eligible counterparties and professional
clients only, each as defined in MiFID II; and (ii) all channels for distribution of the Notes to eligible
counterparties and professional clients are appropriate. Any person subsequently offering, selling or
recommending the Notes (a distributor) should take into consideration the manufacturers' target market
assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target market
assessment in respect of the Notes (by either adopting or refining the manufacturers' target market assessment)
and determining appropriate distribution channels.
Notification under Section 309B(1)(c) of the Securities and Futures Act (Chapter 289) of Singapore (the
SFA) In connection with Section 309B of the SFA and the Securities and Futures (Capital Markets)
Regulations 2018 of Singapore (the CMP Regulations 2018), the Issuer has determined the classification of
the Notes as prescribed capital markets products (as defined in the CMP Regulations 2018) and Excluded
Investment Products (as defined in MAS Notice SFA 04-N12: Notice on the Sale of Investment Products and
MAS Notice FAA-N16: Notice on Recommendation on Investment Products).
11 November 2021
Koninklijke KPN N.V.
Legal entity identifier (LEI): 549300YO0JZHAL7FVP81
Incorporated in the Netherlands as a public limited liability company
(naamloze vennootschap) with its corporate seat in Rotterdam

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Issue of 700,000,000 0.875% Sustainability-Linked Notes due 15 November 2033
under the Global Medium Term Note Programme
PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the
base prospectus dated 7 May 2021 and the supplement to it dated 3 November 2021 which together constitute
a base prospectus for the purposes of the Prospectus Regulation (the Base Prospectus). This document
constitutes the Final Terms of the Notes described herein which have been prepared for the purposes of the
Prospectus Regulation and must be read in conjunction with such Base Prospectus in order to obtain all the
relevant information. The Base Prospectus and the Final Terms have been published on ir.kpn.com.
1.
Issuer:
Koninklijke KPN N.V.
2.
(i)
Series Number:
30

(ii)
Tranche Number:
1

(iii)
Date on which the Notes
Not Applicable
will be consolidated and
form a single Series:
3.
Specified Currency or Currencies:
EUR ()
4.
Aggregate Nominal Amount:

(i)
Series:
700,000,000

(ii)
Tranche:
700,000,000
5.
Issue Price of Tranche:
98.772 per cent. of the Aggregate Nominal Amount

(a)
Specified Denominations:
100,000

(b)
Calculation Amount
100,000
7.
(i)
Issue Date:
15 November 2021

(ii)
Interest Commencement
Issue Date
Date:
8.
Maturity Date:
15 November 2033
9.
(i)
Interest Basis:
0.875 per cent. Fixed Rate
(see paragraph 15 below)

(ii)
Sustainability-Linked Trigger Applicable Sustainability-Linked Trigger Event
Event:
(Interest)

(a)
Sustainability Performance Sustainability Performance Target B

Target:

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(b)
Sustainability-Linked
The first day of the Interest Period following the Interest

Reference Date:
Period in which the Target Observation Date falls (being
15 November 2031)

(c)
Sustainability-Linked Step 0.375 per cent. per annum

Up Margin:
10.
Redemption/Payment Basis:
Subject to any purchase and cancellation or early
redemption, the Notes will be redeemed on the Maturity
Date at 100 per cent. of their nominal amount
11.
Change of Interest Basis
Not Applicable
12.
Put/Call Options:
Investor Put

Issuer Refinancing Call

Issuer Make-whole Redemption Call

Issuer Residual Call

(see paragraph 19/20/21/22 below)
13.
Status of the Notes:
Senior
14.
Method of distribution:
Syndicated
Provisions Relating to Interest (if any) Payable
15.
Fixed Rate Note Provisions
Applicable

(i)
Rate of Interest:
0.875 per cent. per annum payable in arrear on each
Interest Payment Date

(ii)
Interest Payment Date(s):
15 November in each year, commencing on 15 November
2022, up to and including the Maturity Date

(iii)
Fixed Coupon Amount(s):
875.00 per Calculation Amount

(iv)
Broken Amount(s):
Not Applicable

(v)
Day Count Fraction:
Actual/Actual (ICMA)

(vi)
Determination Date:
15 November in each year
16.
Floating Rate Note Provisions
Not Applicable
17.
Zero Coupon Note Provisions
Not Applicable
Provisions Relating to Redemption

18.
Issuer Call:
Not Applicable
19.
Issuer Refinancing Call:
Applicable

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(i)
Date from which Issuer 15 August 2033

Refinancing Call may be

exercised:

(i)
Notice period (if other than As per Conditions

set out in the Conditions):
20.
Make-whole Redemption Call
Applicable

(i)
Notice period (if other than
As per Conditions
set out in the Conditions):

(ii)
Parties to be notified by
Not Applicable
Issuer of Make-whole
Redemption Date and Make-
whole Redemption Amount
in addition to those set out
in Condition 6(c)(C):

(iii)
Discounting basis for
Annual
purposes of calculating sum
of the present values of the
remaining scheduled
payments of principal and
interest on Redeemed Notes
in the determination of the
Make-whole Redemption
Amount:

(iv)
Make-whole Redemption
0.20 per cent.
Margin:

(v)
Quotation Agent:
Citibank, N.A., London Branch

(vi)
Reference Dealers:
Barclays Bank Ireland PLC
BNP Paribas S.A.
Deutsche Bank Aktiengesellschaft
ING Bank N.V.
SMBC Nikko Capital Markets Europe GmbH

(vii)
Reference Security:
DBR 0.000% 15 August 2031, ISIN: DE0001102564
21.
Issuer Residual Call
Applicable

(i)
Notice period (if other than
As per Conditions
set out in the Conditions):

(ii)
Residual Call Early
100,000 per Calculation Amount
Redemption Amount:
22.
Investor Put:
Applicable Change of Control

(i)
Optional Redemption
As per Conditions
Date(s):

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PART B OTHER INFORMATION
1.
LISTING AND ADMISSION
TO TRADING

(i)
Listing and Admission
Application has been made by the Issuer (or on its behalf) for
to trading
the Notes to be admitted to the Official List and trading on the
regulated market of Euronext Dublin with effect from 15
November 2021.

(ii)
Estimate of total
1,000
expenses related to
admission to trading
2.
RATINGS

Ratings:
The Notes to be issued are expected to be rated Baa3 by Moody's
Service España S.A., BBB by S&P Global Ratings Europe
Limited and BBB by Fitch Ratings Ltd.
Each of Moody's Service España S.A., S&P Global Ratings
Europe Limited and Fitch Ratings Ltd is established in the
European Union or in the United Kingdom and is registered
under Regulation (EC) No. 1060/2009 (as amended) (the CRA
Regulation).
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for any fees payable to the Managers, so far as the Issuer is aware, no person involved in the
issue of the Notes has an interest material to the offer. The Managers and their affiliates have engaged,
and may in the future engage, in investment banking and/or commercial banking transactions with,
and may perform other services for, the Issuer and its affiliates in the ordinary course of business.
4.
REASONS FOR THE OFFER AND ESTIMATED NET PROCEEDS
(i)
Reasons for the offer:
The net proceeds from the issue of Notes will be applied
by the Issuer for its general corporate purposes, including
refinancing of existing debt
(ii)
Estimated net proceeds:
689,654,000
5.
YIELD (Fixed Rate Notes only)
Indication of yield:
0.984 per cent. per annum

The yield is calculated at the Issue Date on the basis of the
Issue Price. It is not an indication of future yield.
6.
OPERATIONAL INFORMATION
(i)
ISIN:
XS2406890066
(ii)
Common Code:
240689006
(iii)
CUSIP:
Not Applicable

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(iv)
CINS:
Not Applicable
(v)
CFI:
DTFXFB, as updated, as set out on the website of the
Association of National Numbering Agencies (ANNA) or
alternatively sourced from the responsible National
Numbering Agency that assigned the ISIN
(vi)
FISN:
KONINKLIJKE KPN/.875EMTN 20331115,as updated, as
set out on the website of the Association of National
Numbering Agencies (ANNA) or alternatively sourced from
the responsible National Numbering Agency that assigned
the ISIN
(vii)
Any clearing system(s) Not Applicable
other than Euroclear Bank
SA/NV and Clearstream
Banking, S.A. and the
relevant
identification
number(s):
(viii)
Delivery:
Delivery against payment
(ix)
Names and addresses of Not Applicable
additional Paying Agent(s)
(if any):
(x)
Intended to be held in a Yes
manner which would allow
Eurosystem eligibility:
Note that the designation "yes" simply means that the Notes
are intended upon issue to be deposited with one of the
ICSDs as common safekeeper and does not necessarily
mean that the Notes will be recognised as eligible collateral
for Eurosystem monetary policy and intra-day credit
operations by the Eurosystem either upon issue or at any or
all times during their life. Such recognition will depend
upon satisfaction of the Eurosystem eligibility criteria.
7.
DISTRIBUTION

(iii)
If syndicated, names of
Barclays Bank Ireland PLC
Managers:
BNP Paribas S.A.
Deutsche Bank Aktiengesellschaft
ING Bank N.V.
SMBC Nikko Capital Markets Europe GmbH
(iv)
Stabilisation Manager (if
ING Bank N.V.
any):
(v)
If non-syndicated, name of
Not Applicable
relevant Dealer:
(vi)
U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D Rules applicable

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(vii)
Prohibition of Sales to EEA
Applicable
Retail Investors:
(viii)
Prohibition of Sales to UK
Applicable
Retail Investors:
(ix)
Prohibition of Sales to
Applicable
Belgian Consumers:

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