Veon (VEON) completed a $1.4 billion dual-tranche senior unsecured notes offering, using the proceeds to refinance substantially all of its debt maturing in 2027 ahead of schedule, the company said Tuesday.
The offering included $700 million of 6.95% senior notes maturing in 2031 and $700 million of 7.45% senior notes due 2033, with both tranches issued at par.
Separately, Veon retired about $886 million of its 2027 notes through a tender offer that attracted more than $936 million in tenders, the company said.
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