By Taylor Fox
New York, Sept. 3 – VEON Holdings BV priced RUB 10 billion of 6˝% senior notes on Thursday, 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 second 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.
Amsterdam-based VEON Ltd. provides mobile and fixed-line telecommunications services through its subsidiaries in emerging markets.
Issuer: | VEON Holdings BV
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Amount: | RUB 10 billion
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Maturity: | 2025
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Securities: | Senior notes
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Coupon: | 6˝%
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Pricing date: | Sept. 3
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Settlement date: | Sept. 11
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Distribution: | Rule 144A and Regulation S
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