Vodafone Group to price fixed-rate, floating-rate notes in six parts

By Devika Patel

Knoxville, Tenn., May 23 – Vodafone Group plc intends to offer senior notes in six tranches, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be sold in five fixed-rate tranches and one floating-rate tranche, with one of the fixed-rate tranches and the floating-rate tranche due in 2024, one of the fixed-rate tranches due in 2025, a fixed-rate tranche due in 2028, another fixed-rate tranche due in 2038 and a fixed-rate tranche due in 2048.

The fixed-rate portions will have make-whole calls and then par calls. The floaters will be non-callable.

Barclays, BofA Merrill Lynch, HSBC Securities (USA) Inc. and RBC Capital Markets LLC are the bookrunners.

Proceeds will be used to finance a portion of the company’s planned acquisition of Liberty Global plc's operations in Germany, the Czech Republic, Hungary and Romania and for general corporate purposes.

Vodafone is a London-based telecommunications company.

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