Loan & DebtJul 31, 2026, 06:17 AM
VEON Closes $1.4B Bond Offering, Refinances 2027 Notes
AI Summary
VEON Ltd. successfully closed a $1.4 billion dual-tranche senior unsecured notes offering, comprising $700 million at 6.95% due 2031 and $700 million at 7.45% due 2033, to refinance its 2027 notes. The company also expanded its digital healthcare services by acquiring Tabletki.ua for $161 million and divested a portion of its Kyivstar Group Ltd. shares, raising $140 million. Additionally, its subsidiary JazzWorld secured 190 MHz spectrum in Pakistan for approximately $240 million.
Key Highlights
- VEON closed a $1.4 billion dual-tranche senior unsecured notes offering.
- The offering included $700 million at 6.95% due 2031 and $700 million at 7.45% due 2033.
- Proceeds will refinance $1.011 billion of 3.375% senior notes due 2027.
- Kyivstar Group Ltd. acquired Tabletki.ua for $161 million.
- VEON sold KGL shares, raising approximately $140 million.
- JazzWorld secured 190 MHz spectrum in Pakistan for $240 million.
- KGL acquired six solar power plants for $70 million.
Price Impact
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