Apr 24, 2001 of the Netherlands (AEX: PHI, NYSE: PHG) intends to launch a Eurobond
benchmark issue ("the Notes") to extend the maturity profile of its
outstanding debt and to refinance maturing long-term debt. The terms
of the Notes including size and maturity are to be determined.
Philips' existing long-term debt is rated A3 positive outlook by
Moody's and A-stable by Standard & Poors.
For further information:
Ben Geerts, Philips Corporate Communications, tel: +31-20 59 77 215
The Notes have not and will not be registered under the U.S.
Securities Act of 1933 (the "Act") and may not be offered or sold in
the United States absent registration under the Act or an applicable
exemption from the Act's registration requirements.
