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Veon Raises $1.4 Billion in Dual-Tranche Bond Offering

BY MT Newswires | CORPORATE | 06:41 AM EDT

06:41 AM EDT, 06/02/2026 (MT Newswires) -- 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 (VEON) retired about $886 million of its 2027 notes through a tender offer that attracted more than $936 million in tenders, the company said.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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