ENXTAM:KPNTelecom
Koninklijke KPN (ENXTAM:KPN) Resets Hybrid Debt Following Tender Offer As Undervalued View Holds
Koninklijke KPN (ENXTAM:KPN) has reshaped a key slice of its balance sheet, using a new €500 million hybrid bond to fund an any and all tender for existing perpetual securities.
Against this balance sheet reshuffle, Koninklijke KPN’s share price has a year to date return of 3.32% to €4.103, with a 30 day share price return of 2.47% but a 90 day move that is down 7.92%. Short term momentum has faded even as the 3 year total shareholder return of 44.24% and 5 year total shareholder return of...