VEON Refinances 2027 Debt with $1.4B Dual-Tranche Junk Bond Sale at 6.95% and 7.45%
VEON Ltd. completed a USD 1.4 billion senior unsecured notes sale on June 2, 2026, refinancing most of its 2027 debt maturities ahead of schedule.
techcentral.co.zaVEON Ltd. V. The transaction refinances substantially all of the company's debt maturing in 2027 ahead of schedule.
U.S. institutional fixed-income investors as well as major asset managers and investment funds across Europe, the Middle East and Asia. It is VEON's largest bond offering in over a decade.
45% Senior Notes due June 1, 2033, non-callable for three years. Both tranches priced at par and carry a BB- credit rating from Fitch and S&P.
And rank pari passu with the issuer's outstanding debt. S. Securities Act of 1933.
375% Senior Notes due 2027, exceeding the maximum participation amount. The tender results enabled the refinancing of the 2027 maturities. Terzioglu said the transaction addressed the 2027 maturities and nearly doubled the average maturity of VEON's debt excluding leases to over four years on a pro forma basis, based on reported Group debt as of 1Q 2026.
The announcement was issued from Dubai and New York. VEON Ltd. is a global digital operator listed on NASDAQ under the ticker VEON.
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