By Wendy Van Sickle
Columbus, Ohio, Sept. 9 – VEON Ltd. subsidiary VEON Holdings BV priced RUB 20 billion of 8 1/8% five-year senior notes, according to a news release on Thursday.
The notes are being issued under the company’s April 2020 global medium-term note program.
The proceeds of the Rule 144A and Regulation S notes will be used for general corporate purposes. They will be listed on the Luxembourg Stock Exchange.
Amsterdam-based VEON provides mobile and fixed-line telecommunications services through its subsidiaries in emerging markets.
| Issuer: | VEON Holdings BV
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| Issue: | Senior notes
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| Amount: | RUB 20 billion
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| Maturity: | 2026
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| Coupon: | 8 1/8%
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| Pricing date: | Sept. 9
|
| Settlement date: | Sept. 16
|
| Distribution: | Rule 144A and Regulation S
|
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