AMSTERDAM, June 11, 2020 /PRNewswire/ -- VEON Holdings B.V.
(the "Issuer"), a subsidiary of VEON Ltd. (NASDAQ: VEON)
(Euronext Amsterdam: VEON), announces the pricing of its
RUB 20 billion 6.30 % senior unsecured notes due 2025 in 144A
/ Reg S format (the "Notes") issued under its Global Medium
Term Note Programme established in April
2020 (the "GMTN Programme"), which represents the
Issuer's first Russian Rouble-denominated bond offering since 2013
and attracted strong interest from a broad range of investors, both
in Russia and internationally. The
settlement date for the offering is expected to be 18 June 2020, subject to customary closing
conditions. The Issuer intends to use the net proceeds of the Notes
for general corporate purposes.
VEON believes that the offering of the Notes is another step
forward in further improving VEON's capital structure.
The Issuer continues to monitor the international capital
markets and will continue to consider potential offerings under the
GMTN Programme, subject to funding needs and market conditions.
About VEON
VEON is a NASDAQ and Euronext Amsterdam-listed global provider
of connectivity and internet services. For more information
visit: www.veon.com.
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
sale of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under applicable securities laws. The Notes are being
issued on the basis of the base offering memorandum prepared in
connection with the GMTN Programme dated 16
April 2020 as supplemented by, and to be read in conjunction
with, the base offering memorandum supplement dated 8 June 2020.
The Notes have not been and will not be registered under the
U.S. Securities Act of 1933, as amended (the "Securities
Act"). The Notes may not be offered or sold in the United States except pursuant to an
exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and applicable
state securities laws. There will be no public offer of the Notes
in the United States (for these
purposes, "United States" means
the United States of America, its
territories and possessions, any State of
the United States, and the District of Columbia). The Notes are being
offered and sold in the United
States only to qualified institutional buyers in accordance
with Rule 144A under the Securities Act and to non-U.S. persons
outside the United States in
accordance with Regulation S under the Securities Act.
In member states of the European Economic Area and in the
United Kingdom (each, a
"Relevant State"), this release is for distribution only to
and directed only at persons who are "qualified investors" within
the meaning of Regulation (EU) 2017/1129 (as amended, the
"Prospectus Regulation"). In relation to each Relevant
State, the investment contemplated by this release does not
constitute and shall not, in any circumstances, constitute a public
offering nor an invitation to the public in connection with any
offer within the meaning of the Prospectus Regulation. Each
potential investor located within a Relevant State will be deemed
to have represented, acknowledged and agreed that it is a
"qualified investor" within the meaning of the Prospectus
Regulation.
Manufacturer target market (MIFID II product governance) is
eligible counterparties and professional clients only (all
distribution channels). No PRIIPs key information document (KID)
has been prepared as not available to retail investors in EEA or
UK.
This release is for distribution only to and directed only at
persons who (a) have professional experience in matters relating to
investments falling within Article 19(5) of the Financial Services
and Markets Act 2000 (Financial Promotion) Order 2005 (as amended,
the "Financial Promotion Order"), (b) are persons falling
within Article 49(2)(a) to (d) ("high net worth companies,
unincorporated associations, etc.") of the Financial Promotion
Order, (c) are outside the United Kingdom, or (d) are persons to
whom an invitation or inducement to engage in investment activity
(within the meaning of section 21 of the Financial Services and
Markets Act 2000) in connection with the investment or investment
activity to which this release relates may otherwise lawfully be
communicated or caused to be communicated (all such persons
together being referred to as "relevant persons"). The Notes
are not being offered to the public in the United Kingdom. This
release is directed only at relevant persons and must not be acted
on or relied on by persons who are not relevant persons. The
investment or investment activity to which this release relates is
only available to, and will only be engaged in with, relevant
persons and any person who receives this release who is not a
relevant person should not rely or act upon it.
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. Information contained in the communication
is not intended for any persons in the Russian Federation who are not "qualified
investors" within the meaning of Article 51.2 of the Federal Law
no. 39-FZ "On the Securities Market" dated 22 April 1996, as amended (the "Russian
QIs") and must not be distributed or circulated into
Russia or made available in
Russia to any persons who are not
Russian QIs, unless and to the extent they are otherwise permitted
to access such information under Russian law. The securities have
not been and will not be registered in Russia and are not intended for "placement" or
"circulation" in Russia (each as
defined in Russian securities laws) unless and to the extent
otherwise permitted under Russian law.
Forward-Looking Statements
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. The words "expect," "will," and similar
words are intended to identify estimates and forward-looking
statements. Forward-looking statements are not historical facts,
and include statements relating to, among other things, the
completion of the transaction described above. The forward-looking
statements included in this release are based on management's best
assessment of VEON's strategic and financial position and of future
market conditions, trends and other potential developments.
Forward-looking statements involve risks and uncertainties,
including, without limitation, the risk that the transaction
described above will not be completed. If such risks or
uncertainties materialize or such assumptions prove incorrect,
actual results could differ materially from those expressed or
implied by such forward-looking statements or assumptions. Certain
other factors that could cause actual results to differ materially
from those discussed in any forward-looking statements include the
risk factors described in VEON's Annual Report on Form 20-F for the
year ended 31 December 2019 and other
public filings made by VEON with the SEC. The forward-looking
statements included in this release are made only as of the date
hereof, and 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:
INVESTOR RELATIONS
Nik Kershaw ir@veon.com
CORPORATE COMMUNICATIONS
Kieran Toohey pr@veon.com
Tel.: +31-20-79-77-200
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SOURCE VEON Ltd