VEON Bonds to Re-Enter CEMBI and JACI Indices
VEON (Nasdaq: VEON, Euronext Amsterdam: VEON) has announced that its VEON Holdings B.V. notes due November 2027 are expected to be included in the J.P. Morgan EM Corporate Indices (CEMBI, JACI and JSEG) at the end of September 2024. This inclusion is seen as a positive development for the company and its investors, providing a unique opportunity for international investors to participate in the growth opportunity in Central and South Asia.
The CEMBI index, launched by J.P. Morgan in 2007, is a benchmark index tracking US-dollar denominated corporate bonds issued by emerging market companies. It typically includes around 80 bonds from 60 issuers across 16 countries. The J.P. Morgan Asia Credit Index (JACI) is an all-inclusive benchmark tracking liquid, US-dollar denominated debt instruments issued out of the Asia ex-Japan region.
VEON (Nasdaq: VEON, Euronext Amsterdam: VEON) ha annunciato che le sue note di VEON Holdings B.V. in scadenza a novembre 2027 dovrebbero essere incluse negli Indici Aziendali EM di J.P. Morgan (CEMBI, JACI e JSEG) entro la fine di settembre 2024. Questa inclusione è vista come uno sviluppo positivo per l'azienda e i suoi investitori, offrendo un'opportunità unica agli investitori internazionali di partecipare alla crescita nella regione dell'Asia centrale e meridionale.
L'indice CEMBI, lanciato da J.P. Morgan nel 2007, è un indice di riferimento che monitora i titoli obbligazionari societari denominati in dollari statunitensi emessi da aziende dei mercati emergenti. Di solito include circa 80 obbligazioni provenienti da 60 emittenti in 16 paesi. L'Indice di Credito dell'Asia di J.P. Morgan (JACI) è un indice globale che traccia strumenti di debito liquidi denominati in dollari statunitensi emessi dalla regione dell'Asia escluse Giappone.
VEON (Nasdaq: VEON, Euronext Amsterdam: VEON) ha anunciado que sus notas de VEON Holdings B.V. con vencimiento en noviembre de 2027 se espera que sean incluidas en los Índices Corporativos EM de J.P. Morgan (CEMBI, JACI y JSEG) a finales de septiembre de 2024. Esta inclusión se considera un desarrollo positivo para la compañía y sus inversores, brindando una oportunidad única a los inversores internacionales para participar en la oportunidad de crecimiento en Asia Central y Meridional.
El índice CEMBI, lanzado por J.P. Morgan en 2007, es un índice de referencia que rastrea bonos corporativos denominados en dólares estadounidenses emitidos por empresas de mercados emergentes. Normalmente incluye alrededor de 80 bonos de 60 emisores en 16 países. El Índice de Crédito de Asia de J.P. Morgan (JACI) es un índice integral que rastrea instrumentos de deuda líquida denominados en dólares estadounidenses emitidos desde la región de Asia excluyendo Japón.
VEON (Nasdaq: VEON, Euronext Amsterdam: VEON)이 VEON Holdings B.V.의 2027년 11월 만기 채권이 2024년 9월 말까지 J.P. Morgan EM 기업 지수 (CEMBI, JACI, JSEG)에 포함될 것으로 예상한다고 발표했습니다. 이러한 포함은 회사와 투자자에게 긍정적인 발전으로 간주되며, 국제 투자자들이 중앙 아시아와 남아시아의 성장 기회를 활용할 수 있는 독특한 기회를 제공합니다.
CEMBI 지수는 2007년 J.P. Morgan이 출범한 이래로, 신흥 시장 기업이 발행한 미국 달러 표시 회사채를 추적하는 기준 지수입니다. 일반적으로 16개국에서 60개 발행자의 약 80개의 채권을 포함합니다. J.P. Morgan 아시아 신용 지수(JACI)는 일본을 제외한 아시아 지역에서 발행된 유동적인 미국 달러 표시 채무 상품을 추적하는 종합 기준 지수입니다.
VEON (Nasdaq: VEON, Euronext Amsterdam: VEON) a annoncé que ses obligations de VEON Holdings B.V. arrivant à échéance en novembre 2027 devraient être incluses dans les Indices d'Entreprises EM de J.P. Morgan (CEMBI, JACI et JSEG) d'ici fin septembre 2024. Cette inclusion est considérée comme un développement positif pour la société et ses investisseurs, offrant une opportunité unique aux investisseurs internationaux de participer à la croissance en Asie centrale et du Sud.
L'indice CEMBI, lancé par J.P. Morgan en 2007, est un indice de référence qui suit les obligations d'entreprise libellées en dollars américains émises par des entreprises des marchés émergents. Il inclut généralement environ 80 obligations de 60 émetteurs dans 16 pays. L'Indice de Crédit de l'Asie de J.P. Morgan (JACI) est un indice complet qui suit les instruments de dette liquides libellés en dollars américains émis dans la région Asie hors Japon.
VEON (Nasdaq: VEON, Euronext Amsterdam: VEON) hat bekannt gegeben, dass seine Anleihen von VEON Holdings B.V., die im November 2027 fällig werden, voraussichtlich Ende September 2024 in die J.P. Morgan EM Unternehmensindizes (CEMBI, JACI und JSEG) aufgenommen werden. Diese Aufnahme wird als positive Entwicklung für das Unternehmen und seine Investoren angesehen und bietet internationalen Investoren eine einzigartige Gelegenheit, an den Wachstumschancen in Zentral- und Südasien teilzuhaben.
Der CEMBI-Index, der 2007 von J.P. Morgan ins Leben gerufen wurde, ist ein Referenzindex, der in US-Dollar denominierten Unternehmensanleihen von Unternehmen der Schwellenländer nachverfolgt. Er umfasst typischerweise rund 80 Anleihen von 60 Emittenten aus 16 Ländern. Der J.P. Morgan Asia Credit Index (JACI) ist ein umfassender Index, der liquide, in US-Dollar denominierten Schuldtitel verfolgt, die aus der Region Asien ohne Japan emittiert wurden.
- Inclusion of VEON's 2027 Notes in J.P. Morgan EM Corporate Indices
- Increased visibility and attractiveness to international investors
- Potential for improved liquidity of VEON's bonds
- None.
Insights
The inclusion of VEON's 2027 Notes in J.P. Morgan's EM Corporate Indices is a positive development for the company's financial standing and investor appeal. This move typically enhances liquidity and visibility for the bonds, potentially leading to:
- Increased demand from index-tracking funds
- Improved trading volumes
- Potentially lower borrowing costs for future debt issuances
The CEMBI and JACI are influential benchmarks for emerging market corporate debt and inclusion signals VEON's improved creditworthiness. This could attract a broader investor base, particularly those focused on emerging markets and Asia. However, investors should note that while index inclusion is favorable, it doesn't directly impact VEON's operational performance or fundamentals.
VEON's re-entry into these indices reflects its strategic positioning in Central and South Asia's growth markets. The company's focus on these regions presents a unique value proposition for investors seeking exposure to emerging digital economies. Key considerations include:
- Potential for accelerated digital adoption in VEON's markets
- Increased investor interest in the "digital operator" model
- Geopolitical and economic risks specific to Central and South Asia
The CEO's statement suggests ongoing efforts to enhance VEON's investment narrative. This index inclusion could be part of a broader strategy to improve market perception and attract global investors. However, the actual impact on stock performance will depend on VEON's ability to capitalize on regional growth opportunities and deliver consistent financial results.
Amsterdam, 27 September 2024 – VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, announces that the VEON Holdings B.V. notes due November 2027 (the “2027 Notes”) are expected to be included in the J.P. Morgan EM Corporate Indices (CEMBI, JACI and JSEG) at the end of September 2024.
“VEON represents a unique opportunity for international investors to participate to the growth opportunity in Central and South Asia. Inclusion of VEON’s 2027 Notes in the J.P. Morgan EM Corporate Indices is undoubtedly a positive development for the company and its investors. I am pleased by the important progress we have made this year to make the VEON story more attractive for investors and I once again want to thank our bondholders for their trust and continued support,” said Kaan Terzioglu, VEON Group CEO.
The CEMBI index was launched by J.P. Morgan in 2007 and is a benchmark index that tracks US-dollar denominated corporate bonds issued by emerging market companies. It consists of a liquid basket of corporate bond issues from emerging markets, typically made up of around 80 bonds from 60 issuers and 16 countries. The J.P. Morgan Asia Credit Index (JACI) is an all inclusive benchmark that tracks liquid, US-dollar denominated debt instruments issued out of the Asia ex-Japan region.
About VEON
VEON is a digital operator that provides converged connectivity and digital services to nearly 160 million customers. Operating across six countries that are home to more than
Disclaimer
This release contains “forward-looking statements,” as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts, and include statements relating to, among other things, the inclusion of the 2027 Notes in the J.P. Morgan EM Corporate Indices. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not anticipate. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events.
Contact Information
VEON
Hande Asik
Group Director of Communications
pr@veon.com
FAQ
When will VEON's 2027 Notes be included in the J.P. Morgan EM Corporate Indices?
What are the J.P. Morgan EM Corporate Indices that VEON's bonds will be included in?
What is the significance of VEON's bonds being included in these indices?
What is the CEMBI index and what does it track?
