PostNL’s €400 million fixed rate Notes offering

PostNL has successfully settled and issued EUR 400 million of fixed rate Notes due 2024. The Notes were sold to institutional investors across Europe.

The net proceeds of the offering will be used for general corporate purposes including redemption of existing debt. The issue price for the Notes is 99.987% with an annual coupon of 1.000%. Notes are listed on Euronext Amsterdam and are rated BBB+ by Standard & Poor’s.

The Clifford Chance team that advised PostNL was led by Jurgen van der Meer (picture) and furthermore included Tineke Kothe, Hugo van der Molen and Martin van Oyen.

Involved fees earner: Jurgen van der Meer – Clifford Chance; Tineke Kothe – Clifford Chance; Hugo van der Molen – Clifford Chance; Martin van Oyen – Clifford Chance;

Law Firms: Clifford Chance;

Clients: PostNL;