AMSTERDAM, March 18, 2022 /PRNewswire/ -- VEON Ltd. (NASDAQ:
VEON) (Euronext Amsterdam: VEON), a leading global provider of
connectivity and digital services, today provides some further
details regarding our ruble denominated notes. We also remind
investors that as disclosed on 2 March
2022, VEON has no additional debt maturities at the HQ level
during 2022.
We would like to reiterate the currency election terms for the
holders of the following ruble denominated notes:
- VEON Holdings B.V., RUB 20
billion (c.USD 194
million1) 6.30% ruble denominated notes, maturing
June 2025;
- VEON Holdings B.V., RUB 10
billion (c.USD 97
million1) 6.50% ruble denominated notes maturing
September 2025; and
- VEON Holdings B.V., RUB 20
billion (c.USD 194
million1) 8.125% ruble denominated notes maturing
September 2026,
each issued under VEON Holdings B.V.'s Global Medium Term Note
Programme (the "Notes").
Each final terms document for the Notes includes a currency
exchange option, the terms of which are set out in condition 6(f)
(Currency Exchange Option) of the terms and conditions of
the Notes in each base offering memorandum.
As a result of this currency exchange option being applicable,
holders of the Notes may, through the notification procedures of
Euroclear and/or Clearstream on or before the tenth business day
prior to an interest or principal payment date, give an irrevocable
notice of election to Citibank, N.A., London Branch as principal paying agent to
receive payments of interest or principal, as the case may be, in
U.S. dollars.
VEON is a provider of connectivity and digital services to
almost 220 million customers across nine countries. VEON has a
diverse investor base with no controlling shareholder, a majority
of independent directors and an international management team.
1Based on USD/RUB=103.265
For more information on VEON's liquidity and financial position
please visit: www.veon.com
Disclaimer
This press 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 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 date or to
reflect the occurrence of unanticipated events.
About VEON
VEON is a NASDAQ and Euronext Amsterdam-listed global provider
of connectivity and internet services. For more information
visit: www.veon.com
Contact Information
VEON
Investor Relations
Nik Kershaw
ir@veon.com
+31 20 79 77 200
View original
content:https://www.prnewswire.com/news-releases/veon-holdings-bv-reiterates-currency-election-on-its-ruble-denominated-notes-301505544.html
SOURCE VEON Ltd