Philips priced EUR 1 billion fixed rate notes to be used for debt repayment and projects.

From GlobeNewswire: 2025-05-15 15:00:00

Royal Philips, a global leader in health technology, has successfully priced EUR 1 billion fixed rate notes under its European Medium Term Note program. The proceeds will be used for general corporate purposes, debt repayment, and eligible projects. The Notes due 2030 have a 3.281% yield and the Notes due 2035 have a 4.050% yield. The tranches were oversubscribed by 3 and 4 times. Settlement is scheduled for May 23, 2025, with application for listing on the Luxembourg Stock Exchange. Philips aims to maintain a strong credit rating and emphasizes compliance with regulations for sales to retail investors in the EEA and UK.



Read more at GlobeNewswire: Philips successfully prices offering of Notes for EUR 1