VEON Holdings to issue five-year ruble-denominated notes

By Wendy Van Sickle

Columbus, Ohio, June 8 – VEON Holdings BV plans to issue five-year senior ruble-denominated notes (BBB-), according to a news release.

The notes will be issued under the company’s global medium-term note program established in April.

Proceeds of the Rule 144A and Regulation S notes will be used for general corporate purposes.

The notes will be issued on the Luxembourg Stock Exchange.

Amsterdam-based VEON Ltd. provides mobile and fixed-line telecommunications services through its subsidiaries in emerging markets.

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