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VEON Announces Pricing of USD 700,000,000 Senior Notes

Misc News - Published on Mon, 07 Oct 2019

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VEON Holdings BV a subsidiary of VEON Ltd announced the pricing of its USD 700,000,000 4.00% senior unsecured notes due 2025 which will be issued subject to market and other customary conditions. The settlement date for the Offering is expected to be 9 October 2019. The Issuer intends to use the net proceeds of the Offering primarily to refinance certain existing outstanding debt and address upcoming debt maturities, including drawings on the revolving credit facility used to fund the mandatory tender offer for Global Telecom Holding SAE and for general corporate purposes.

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Posted By : TelecomGuru on Mon, 07 Oct 2019
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