March 22, 2013 / 6:50 AM / in 5 years

KPN raises $600 mln in hybrid bond sale

BRUSSELS, March 22 (Reuters) - Dutch telecoms group KPN said on Friday it raised $600 million in a sale of hybrid bonds, completing its 2 billion euros ($2.59 billion) bonds programme aimed at lowering its debt burden.

The group reiterated it would still raise 3 billion euros in a rights issue.

KPN had already sold 1.56 billion euros of hybrid bonds in early March. ($1 = 0.7737 euros) (Reporting by Robert-Jan Bartunek and Gilbert Kreijger, editing by Barbara Lewis)

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