VEON Announces Investor Meetings for a Potential Dual Tranche USD Notes Offering and Related Tender Offer for 2027 Notes
Rhea-AI Summary
VEON (Nasdaq: VEON) announced investor meetings for a potential dual-tranche unsecured USD notes offering via VEON MidCo B.V. The planned five-year and seven-year notes are expected to extend average debt maturity and, with a concurrent tender offer, support capital structure optimization.
VEON intends to use net proceeds to fund a tender offer of up to USD 750 million for its outstanding 3.375% Senior Notes due 2027, which total USD 1,013,973,000 in principal, with any remaining funds directed to additional debt reduction and general corporate purposes.
Positive
- Planned tender offer of up to USD 750 million for 2027 notes
- Potential extension of VEON’s average debt maturity through new five- and seven-year notes
- Remaining proceeds earmarked for additional debt reduction and general corporate purposes
Negative
- Only part of USD 1,013,973,000 2027 notes targeted in current tender offer
- New unsecured notes could increase gross debt before tender and repayments
News Market Reaction – VEON
In the May 18 session, VEON gained 0.52%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Offering Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Feb 03 | Kyivstar secondary closes | Neutral | -0.6% | Completion of oversubscribed Kyivstar secondary offering and cash proceeds to VEON. |
| Jan 29 | Kyivstar secondary pricing | Neutral | -1.9% | Pricing of Kyivstar secondary shares held by VEON at a set offer price. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Past offering-related news for VEON has been followed by modest negative reactions, with an average move of -1.26%, suggesting capital-markets actions have historically had a slightly pressured but contained impact.
Recent VEON news has focused on capital-markets activity, including Kyivstar secondary offerings that expanded free float and generated proceeds for VEON. These events, tagged as offerings, saw modest negative share-price reactions of -0.58% and -1.94%. Today’s planned dual-tranche USD notes and tender offer fit this pattern of balance-sheet and equity-structure optimization rather than changes to operating fundamentals.
Key Terms
medium term notes financial
tender offer financial
senior notes financial
non-callable financial
Regulation S regulatory
Rule 144A regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
Dubai and New York, May 18, 2026 – VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Company”), today announces that its subsidiary VEON MidCo B.V. has initiated a series of investor meetings in connection with a potential offering (the “Offering”) of unsecured US dollar medium term notes in two tranches: a five-year tranche, non-callable for two years, and a seven-year tranche, non-callable for three years (together, the “Notes”).
The Offering is expected to extend VEON’s average debt maturity and, together with the concurrent tender offer described below, support the Company's ongoing optimization of its capital structure.
The Company intends to use the net proceeds from the Offering to fund the purchase its outstanding
About VEON
VEON is a digital operator that provides connectivity and digital services to over 150 million connectivity customers and more than 228 million digital users. Operating across five countries that are home to more than
This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.
Contact Information
VEON media inquiries
pr@veon.com
Cautionary Statement
There is no assurance that the notes will be issued or, if issued, as to the terms under which they will be issued.
Promotion of the notes in the United Kingdom is restricted by the Financial Services and Markets Act 2000 (the “FSMA”), and accordingly, the notes are not being promoted to the general public in the United Kingdom. This announcement is only addressed to and directed at persons who (i) are investment professionals, as such term is defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Financial Promotion Order”), (ii) are persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations, etc.”) of the Financial Promotion Order, (iii) are outside the United Kingdom or (iv) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the FSMA) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “relevant persons”).
The notes will only be available to relevant persons and this announcement must not be acted on or relied on by anyone who is not a relevant person.
Manufacturer target market (MIFID II/UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs key information document (KID) has been prepared as not available to retail investors in EEA or the United Kingdom.
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, including in relation to VEON’s intended use of proceeds from its planned notes issue. These forward-looking statements generally are identified by the words “expect,” “will,” “will be,” and similar expressions (including the negative versions of such words or expressions).
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors because they relate to events and depend on circumstances that may or may not occur in the future. Readers are cautioned that forward-looking statements are not guarantees of future performance and are based on numerous assumptions and that the Group’s or any of its affiliates’ actual results of operations.
