Vodafone (VOD) calls 4.375% dollar notes due 2028 for redemption
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Vodafone Group Plc has issued a notice of redemption for its 4.375% Notes due May 2028. The notes will be redeemed at a price equal to the greater of 100% of principal plus accrued interest or a make-whole amount based on discounted future principal and interest payments.
The make-whole price will be calculated using the adjusted treasury rate defined in the original May 23, 2018 prospectus supplement plus 25 basis points, with the present value of remaining scheduled payments discounted on a semi-annual basis, plus accrued and unpaid interest to the redemption date.
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FAQ
What did Vodafone Group Plc (VOD) announce regarding its dollar notes due 2028?
Vodafone Group Plc announced a notice of redemption for its 4.375% Notes due May 2028. These notes will be redeemed at the greater of par plus accrued interest or a make-whole amount based on discounted future principal and interest payments.
How will the Vodafone (VOD) 4.375% Notes due 2028 redemption price be calculated?
The redemption price will be the higher of 100% of principal plus accrued interest or the sum of the present values of remaining scheduled principal and interest payments, discounted using the adjusted treasury rate plus 25 basis points, plus accrued interest to the redemption date.
Which Vodafone (VOD) securities are affected by this 2028 notes redemption notice?
The notice affects Vodafone Group Plc’s 4.375% Notes due May 2028. These dollar-denominated notes are being called for redemption under terms that reference the original May 23, 2018 prospectus supplement defining the adjusted treasury rate used in pricing.
What interest rate applies to Vodafone’s 2028 notes being redeemed?
The notes being redeemed carry a 4.375% interest rate and mature in May 2028. The redemption price includes accrued and unpaid interest to the redemption date, in addition to either principal at par or a make-whole amount, whichever is higher under the stated formula.
What reference rate is used in Vodafone’s make-whole redemption for the 2028 notes?
The make-whole amount uses an adjusted treasury rate defined in the May 23, 2018 prospectus supplement. That adjusted treasury rate is increased by 25 basis points and applied to discount remaining scheduled principal and interest payments on a semi-annual basis to the redemption date.
Does Vodafone (VOD) mention where investors can get more information on the 2028 notes redemption?
The announcement directs investors to Vodafone’s Investor Relations contacts and website. Investor Relations details include the investors.vodafone.com site and an email contact, with additional media and corporate information available through Vodafone’s main website and media relations channels.