TNT successfully placed benchmark Eurobond of £450million

(PresseBox) ( Amsterdam, )
TNT N.V. announces that it has successfully placed a benchmark Eurobond offering of £ 450 million due August 2018. The bonds have been priced at an issue price of 99.33 per cent and a coupon of 7.500 per cent with settlement on the 14th August 2008. The £ 450 million proceeds have been swapped into € 568 million with a coupon of 7.14% and a maturity of 14th August 2018.

BNP Paribas and HSBC acted as lead managers for this issue. The bonds will be listed on Euronext Amsterdam by NYSE Euronext.

The proceeds of the transaction will be used for general business purposes.
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