GlobeNewsWire
02 Jun 2026, 09:46 UTC · 2h ago
VEON Closes USD 1.4 Billion Bond Offering, Refinancing 2027 Notes Ahead of Schedule

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GlobeNewsWire
02 Jun 2026, 09:46 UTC · 2h ago

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4 claims · impact-rated
VEON successfully closed a USD 1.4 billion dual-tranche senior unsecured notes offering to refinance debt maturing in 2027. — Successfully refinancing a large amount of debt ahead of schedule significantly reduces near-term liquidity risk and rollover risk.
+0.60The new bond issuance nearly doubles VEON's average debt maturity (excluding leases) to over four years on a pro forma basis. — Extending the debt maturity profile provides the company with greater financial stability and more breathing room for operational execution.
+0.40The offering attracted significant participation from leading US institutional fixed-income investors and global asset managers. — Strong demand from high-quality institutional investors serves as a market validation of the company's creditworthiness and strategic direction.
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The new notes were assigned a credit rating of BB- by both Fitch and S&P. — This confirms the company's status as a speculative-grade (junk) issuer, which is consistent with its previous profile and offers little new information to the market.
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The company successfully closed a $1.4 billion bond offering to refinance debt ahead of schedule, signaling strong investor confidence and financial discipline.
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