VEON Announces Investor Meetings for a Potential Dual Tranche USD Notes Offering and Related Tender Offer for 2027 Notes
VEON has initiated investor meetings for a potential dual-tranche USD notes offering, consisting of a five-year and a seven-year tranche. The company intends to use net proceeds to fund a tender offer for up to $750 million of its outstanding 3.375% Senior Notes due 2027, which have a total principal of ~$1.01 billion.
Key figures
- Tender offer cap
- 750000000
- 2027 notes coupon
- 3.375%
- Tranche 1 maturity
- 5 years
- Tranche 2 maturity
- 7 years
- Outstanding 2027 notes
- 1013973000
AI analysis
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