By Wendy Van Sickle
Columbus, Ohio, June 11 – VEON Holdings BV priced RUB 20 billion of 6.3% five-year senior notes (//BBB-), according to a news release.
The notes will be issued under the company’s global medium-term note program established in April.
The issue represents the issuer’s first ruble-denominated bond offering since 2013 and attracted strong interest from a broad range of investors, both in Russia and internationally, VEON reported.
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.
| Issuer: | VEON Holdings BV
|
| Amount: | RUB 20 billion
|
| Maturity: | 2025
|
| Securities: | Senior notes
|
| Coupon: | 6.3%
|
| Pricing date: | June 11
|
| Settlement date: | June 18
|
| Rating: | Fitch: BBB-
|
| Distribution: | Rule 144A and Regulation S
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
