Welcome to the VEON Ltd. Bond Consent Solicitation Process Article
Dubai and Amsterdam, 30 January 2025 –
VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Group”), today announces the successful completion of a bond consent solicitation process
VEON Holdings B.V. (the “Issuer”), with unanimous support from voting noteholders to substitute a new VEON subsidiary for the Issuer and to make certain other amendments to the terms and conditions of the Issuer’s U.S.$1,013,683,000 3.375 per cent. Senior Unsecured Notes due 25 November 2027 (ISIN: Reg S: XS2824764521/ Rule 144A: XS2824766146) (the “Notes”).
VEON Ltd., a leading global digital operator, has successfully completed a bond consent solicitation process that will see a new subsidiary take the place of the current Issuer. This strategic move was backed by unanimous support from noteholders and included amendments to the terms and conditions of over $1 billion in Senior Unsecured Notes set to mature in 2027.
This development marks a significant step forward for VEON as it continues to strengthen its position in the global digital market. By making these changes to its subsidiary structure and bond agreements, VEON is positioning itself for future growth and success.
How Does This Impact Me?
As a consumer and user of digital services, this announcement by VEON may not have a direct impact on you. However, it is reflective of the company’s commitment to innovation and growth, which could potentially result in improved digital offerings and services for customers in the future.
How Does This Impact the World?
From a broader perspective, VEON’s successful completion of the bond consent solicitation process signals confidence in the global digital market. As VEON continues to evolve and adapt to changing industry dynamics, it sets a positive example for other digital operators and contributes to the overall advancement of the digital economy.
Conclusion
In conclusion, VEON Ltd.’s completion of the bond consent solicitation process is a significant milestone for the company and the digital industry as a whole. By securing support from noteholders and making strategic amendments, VEON is well-positioned for continued growth and success in the evolving digital landscape.
