KPN mandate follows BT downgrade warning

KPN, the Dutch telecommunications provider, has hired banks for a €2bn ($1.8m) Eurobond, a day after British Telecommunications, its UK rival, was put on rating watch for a possible two-notch downgrade.

ABN Amro, Barclays Capital and Credit Suisse First Boston will lead manage KPN's bond issue. Roadshows take place in the week beginning March 26.

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