VEON Ltd. (VEON) Form 6-K — Jun 2, 2026
VEON Ltd. announced the successful closing of a $1.4 billion dual-tranche senior unsecured notes offering, marking its largest bond issuance in over a decade. The offering consists of $700 million in 6.95% notes due 2031 and $700 million in 7.45% notes due 2033, both rated BB- by Fitch and S&P. The proceeds are being used to refinance approximately $886 million of VEON’s 2027 debt ahead of schedule via a cash tender offer.
Key figures
- Debt Amount
- 1400000000
- Interest Rate
- 6.95% (2031 tranche); 7.45% (2033 tranche)
- Maturity Date
- June 1, 2031 (Tranche 1); June 1, 2033 (Tranche 2)
- Gross Proceeds
- 1400000000
- Credit rating
- BB-
- Tendered amount
- 936022000
- Outstanding 2027 notes
- 1013973000
- Refinanced debt amount
- 886075000
- Average debt maturity years
- over 4
- Tender offer price per 1000
- 987.5
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