of the Netherlands (AEX: PHI, NYSE: PHG) today placed a Eurobond issue
("the Notes") for a total amount of EUR 2.0 billion.
Philips has placed a floating rate and a fixed rate tranche both
maturing in July 2004. The floating rate Notes are being offered in
the aggregate principal amount of EUR 1 billion, have a coupon of
6-month Euribor plus 0.625% and an issue price of 99.8467%. The
floating rate Notes are redeemable in whole at the option of Philips
in August 2003 at the price of 100.35%.
The fixed rate Notes are being offered in the aggregate principal
amount of EUR 1.0 billion, have a coupon of 5.125% and an issue price
of 99.756% resulting in a yield of 5.2175%.
The Notes will be listed at the Official Segment of Euronext Amsterdam
N.V.'s stock market.
The proceeds will be used for general corporate purposes.
For further information:
André Manning, Philips Corporate Communications, tel: +31 20 59
77 199