VEON Raises USD 200 Million in Private Bond Placement
VEON (NASDAQ:VEON) has successfully priced a USD 200 million private placement of senior unsecured notes due in 2029. The notes, to be issued by VEON MidCo B.V., will carry a 9.000% annual interest rate and are priced at par, with an expected credit rating of BB- from S&P and Fitch.
The notes will be guaranteed by VEON Amsterdam B.V. and will rank equally with VEON HQ's outstanding debt. Settlement is expected on July 15, 2025, subject to customary closing conditions. The proceeds will be used for general corporate purposes and capital structure optimization.
VEON (NASDAQ:VEON) ha completato con successo un collocamento privato da 200 milioni di USD di obbligazioni senior non garantite con scadenza nel 2029. Le obbligazioni, che saranno emesse da VEON MidCo B.V., avranno un tasso di interesse annuo del 9,000% e sono state valutate alla pari, con un rating creditizio previsto di BB- da S&P e Fitch.
Le obbligazioni saranno garantite da VEON Amsterdam B.V. e avranno pari rango rispetto al debito in essere di VEON HQ. Il regolamento 猫 previsto per il 15 luglio 2025, subordinato alle consuete condizioni di chiusura. I proventi saranno utilizzati per scopi aziendali generali e per l鈥檕ttimizzazione della struttura del capitale.
VEON (NASDAQ:VEON) ha logrado colocar con 茅xito una emisi贸n privada de USD 200 millones de bonos senior no garantizados con vencimiento en 2029. Los bonos, que ser谩n emitidos por VEON MidCo B.V., tendr谩n una tasa de inter茅s anual del 9,000% y se han valorado a la par, con una calificaci贸n crediticia esperada de BB- por parte de S&P y Fitch.
Los bonos estar谩n garantizados por VEON Amsterdam B.V. y tendr谩n igual rango que la deuda pendiente de VEON HQ. La liquidaci贸n est谩 prevista para el 15 de julio de 2025, sujeta a las condiciones habituales de cierre. Los fondos se utilizar谩n para fines corporativos generales y para optimizar la estructura de capital.
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鞚� 毂勱秾鞚� VEON Amsterdam B.V.臧� 氤挫頃橂┌ VEON HQ鞚� 旮办〈 攵�毂勳檧 霃欕摫頃� 靾滌渼搿� 旆笁霅╇媹雼�. 瓴办牅電� 2025雲� 7鞗� 15鞚�鞐� 鞚措（鞏挫 鞓堨爼鞚措┌, 鞚茧皹鞝侅澑 毵堦皭 臁瓣贝鞐� 霐半雼堧嫟. 臁半嫭 鞛愱笀鞚� 鞚茧皹 旮办梾 氇╈爜瓿� 鞛愲掣 甑“ 斓滌爜頇旍棎 靷毄霅� 鞓堨爼鞛呺媹雼�.
VEON (NASDAQ:VEON) a r茅ussi 脿 茅mettre un placement priv茅 de 200 millions USD d鈥檕bligations senior non garanties arrivant 脿 茅ch茅ance en 2029. Les obligations, 茅mises par VEON MidCo B.V., porteront un taux d鈥檌nt茅r锚t annuel de 9,000% et sont 茅mises au pair, avec une notation de cr茅dit attendue de BB- par S&P et Fitch.
Ces obligations seront garanties par VEON Amsterdam B.V. et seront au m锚me rang que la dette en circulation de VEON HQ. Le r猫glement est pr茅vu pour le 15 juillet 2025, sous r茅serve des conditions habituelles de cl么ture. Les fonds seront utilis茅s 脿 des fins g茅n茅rales d鈥檈ntreprise et pour optimiser la structure du capital.
VEON (NASDAQ:VEON) hat erfolgreich eine Private Placement im Wert von 200 Millionen USD von vorrangigen ungesicherten Schuldverschreibungen mit F盲lligkeit 2029 begeben. Die von VEON MidCo B.V. ausgegebenen Schuldverschreibungen tragen einen j盲hrlichen Zinssatz von 9,000% und wurden zum Nennwert bepreist, mit einer erwarteten Kreditbewertung von BB- durch S&P und Fitch.
Die Schuldverschreibungen werden von VEON Amsterdam B.V. garantiert und stehen gleichrangig mit den ausstehenden Schulden von VEON HQ. Die Abwicklung ist f眉r den 15. Juli 2025 geplant, vorbehaltlich der 眉blichen Abschlussbedingungen. Die Erl枚se werden f眉r allgemeine Unternehmenszwecke und zur Optimierung der Kapitalstruktur verwendet.
- Successfully raised USD 200 million through private placement
- Notes priced at par with BB- credit rating from S&P and Fitch
- Demonstrates continued access to global capital markets
- Strengthens company's capital structure
- High interest rate of 9.000% annually on the notes
- Additional debt burden on the company's balance sheet
Dubai, July 2, 2025: VEON Ltd. (Nasdaq: VEON), a global digital operator (鈥淰EON鈥�), announces today that it has completed the pricing of a private placement of USD 200 million of senior unsecured notes due in 2029 with institutional investors (the 鈥淣otes鈥�), following its announcement on June 16, 2025 that it is considering options to raise external financing through a private placement.
The Notes, issued by VEON MidCo B.V., are priced at par and have an annual interest rate of
VEON CFO Burak Ozer said: 鈥淭his successful new private placement marks another important milestone in VEON鈥檚 renewed capital markets story, and I am pleased to note investors鈥� confidence in VEON鈥檚 strategic trajectory and financial outlook. This new issuance reinforces VEON鈥檚 access to global capital markets.鈥�
Settlement is expected to be July 15, 2025, subject to customary closing conditions.
The proceeds from this transaction will be used for general corporate purposes and to optimize VEON鈥檚 capital structure.聽
About VEON
VEON is a Nasdaq-listed digital operator that provides converged connectivity and digital services to nearly 160 million customers. 聽Operating across six countries that are home to more than
Cautionary Statement
Neither the notes nor the related guarantee have been, or will be registered under the U.S. Securities Act of 1933, as amended (the 鈥淪ecurities Act鈥�), or the securities laws of any state or other jurisdiction of the United States, and are being offered and sold in transactions exempt from the registration requirements of the Securities Act and any other applicable U.S. securities laws. There will be no public offering of the Notes in the United States.
There is no assurance that the notes will be issued or, if issued, as to the terms under which they will be issued.
Promotion of the notes in the United Kingdom is restricted by the Financial Services and Markets Act 2000 (the 鈥淔SMA鈥�), and accordingly, the notes are not being promoted to the general public in the United Kingdom. This announcement is only addressed to and directed at persons who (i) are investment professionals, as such term is defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the 鈥淔inancial Promotion Order鈥�), (ii) are persons falling within Article 49(2)(a) to (d) (鈥渉igh net worth companies, unincorporated associations, etc.鈥�) of the Financial Promotion Order, (iii) are outside the United Kingdom or (iv) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the FSMA) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as 鈥渞elevant persons鈥�).
The notes will only be available to relevant persons and this announcement must not be acted on or relied on by anyone who is not a relevant person.
Manufacturer target market (MIFID II/UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as not available to retail investors in EEA or the United Kingdom.
Disclaimer
This press release contains 鈥渇orward-looking statements,鈥� as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. These forward-looking statements generally are identified by the words 鈥渆xpect,鈥� 鈥渨ill,鈥� 鈥渨ill be,鈥� and similar expressions (including the negative versions of such words or expressions).
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors because they relate to events and depend on circumstances that may or may not occur in the future. Readers are cautioned that forward-looking statements are not guarantees of future performance and are based on numerous assumptions and that the Group鈥檚 or any of its affiliates鈥� actual results of operations.
Contact Information
痴贰翱狈听
Hande Asik
Group Director of Communications聽
Investor Relations
FAQ
What is the size and interest rate of VEON's new bond placement in 2025?
When will VEON's 2025 private placement notes mature?
What is the credit rating for VEON's 2025 private placement?
How will VEON use the proceeds from its 2025 private placement?
When is the settlement date for VEON's 2025 private placement?
