Europe’s VEON launches $1 billion note offering

Chicago, Sept. 25 – VEON Holdings BV, a wholly owned subsidiary of VEON Ltd., launched an offering of $1 billion of senior notes in a press release on Wednesday.

Proceeds from the Rule 144A and Regulation S notes will be used to refinance debt and address upcoming debt maturities, including drawdowns on the revolving credit facility used to fund the mandatory tender offer for Global Telecom Holding SAE, and for general corporate purposes.

VEON Ltd. provides mobile and fixed-line telecommunications services through its subsidiaries. The company is based in Amsterdam.

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