Schiphol successfully places a 10 year EUR 438 million Eurobond

Schiphol Nederland BV has successfully placed a new 10 year senior unsecured Eurobond of EUR 438 million. The bonds will carry a coupon of 4.430% and the settlement date has been set at April 28, 2011. The bonds were placed with a broad range of institutional investors across Europe.

The debt was issued by Schiphol Nederland BV on behalf of Schiphol Group. Schiphol Group is the owner of Amsterdam Airport Schiphol, the 5th largest airport in Europe by passenger numbers and the 3rd largest by cargo volumes.

Net proceeds of the bond issue will be used by Schiphol to finance the tender offer that expired on April 19, 2011. By repurchasing part of two existing bonds maturing in 2013 and 2014, the debt maturity profile of Schiphol Group is extended while taking advantage of current favourable market conditions.

Deutsche Bank, ING Commercial Banking and The Royal Bank of Scotland acted as Joint Lead Managers and ABN AMRO as Co-Lead Manager. The bonds will be listed on Euronext Amsterdam.