By Karen Roman
VEON Ltd. (Nasdaq: VEON) said it closed a $1.4 billion dual-tranche senior notes offering by its subsidiary VEON Midco B.V., refinancing all of the company’s debt maturing in 2027 ahead of schedule.
The offering priced on May 19 and attracted interest from diverse investors including U.S. institutional fixed-income investors, asset managers and investment funds in Europe, the Middle East, and Asia, it stated.
“This transaction is VEON’s largest bond offering in over a decade and is a clear endorsement of our strategy and execution,” said Kaan Terzioglu, VEON’s CEO. “The depth and quality of the order book underscores continued access to international capital markets and confidence in VEON’s financial profile, balance sheet discipline and long-term credit story.”
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