VEON Holdings B.V. notes issue of announcement by VEON Ltd.
VEON Holdings B.V. has announced that its indirect parent, VEON Ltd., has issued a notice to the holders of its 2023 Notes. These notes include USD-denominated notes with interest rates of 5.950% and 7.250%, totaling USD 1.23 billion. The announcement invites 2023 Noteholders to contact VEON Ltd. for discussions regarding the notes, while VEON Holdings B.V. will not engage in these discussions. This release is intended for informational purposes only and does not constitute an offer to sell or solicit securities.
- VEON Holdings B.V. has a significant amount of outstanding notes, totaling USD 1.23 billion.
- The company is facilitating communication between noteholders and its parent, VEON Ltd., fostering transparency.
- VEON Holdings B.V. is not actively engaging with the 2023 Noteholders, which may create uncertainty.
- No specific plans or terms regarding the future of the 2023 Notes have been disclosed.
FOR IMMEDIATE RELEASE
VEON Holdings B.V.
| Title | ISIN 144A/RegS | Common Code 144A/RegS | CUSIP | Outstanding Amount |
| US92718WAE93/XS0889401724 | 088995945/088940172 | 92718W AE9 | USD 529,320,000 | |
| US36251BAB18/XS1400710726 | 140117722/140071072 | 36251B AB1 | USD 700,000,000 |
In each case, issued by VEON Holdings B.V. (collectively, the “2023 Notes”)
VEON Holdings B.V. notes issue of announcement by VEON Ltd.
Amsterdam, Netherlands, 14 October 2022 07:15: VEON Holdings B.V. notes that its indirect parent, VEON Ltd., has today issued an announcement asking beneficial holders of interests in the 2023 Notes issued by VEON Holdings B.V. (the “2023 Noteholders”) to contact VEON Ltd., with a view to commencing discussions with VEON Ltd. in respect of the 2023 Notes shortly (the “VEON Ltd. Announcement”).
VEON Holdings B.V. is not involved in or engaging in discussions with the 2023 Noteholders. All related queries must therefore be directed to VEON Ltd. using the contact details specified in the VEON Ltd. Announcement.
Important Notice
This release is for informational purposes only and shall not constitute a prospectus or an offer to sell or the solicitation of an offer to buy securities in the United States or any other jurisdiction, nor shall there be any offer of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under applicable securities laws.
This press release is not a prospectus for the purposes of Regulation (EU) 2017/1129.
This communication or information contained herein is not an offer, or an invitation to make offers, to sell, exchange or otherwise transfer securities in the Russian Federation to or for the benefit of any Russian person or entity and does not constitute an advertisement or offering of securities in the Russian Federation within the meaning of Russian securities laws.
Elements of this press release contain or may contain “inside information” as defined under the Market Abuse Regulation (EU) No. 596/2014.
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 are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate. The forward-looking statements contained in this release speak only as of the date of this release. VEON disclaims any obligation to update them or to announce publicly any revision to any of the forward-looking statements contained in this release, or to make corrections to reflect future events or developments.
Contact Information
Group Director Investor Relations
Nik Kershaw
bonds@veon.com
FAQ
What is the total outstanding amount of VEON's 2023 Notes?
What interest rates are associated with VEON's USD-denominated notes?
Who should 2023 Noteholders contact for discussions regarding their notes?
Is this press release an offer to sell securities?
What should 2023 Noteholders know about VEON Holdings B.V.'s involvement?
