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VEON Announced Launch of a USD Drawdown Under Gmtn Programme and Publishes Third Base Offering Memorandum Supplement

VEON Holdings B.V. (the "Issuer"), a subsidiary of VEON Ltd. (NASDAQ: VEON) and (Euronext Amsterdam: VEON), announces a drawdown of 7-year senior unsecured notes denominated in U.S.

· 11/16/2020 05:43
VEON Holdings B.V. (the "Issuer"), a subsidiary of VEON Ltd. (NASDAQ:VEON) and (Euronext Amsterdam: VEON), announces a drawdown of 7-year senior unsecured notes denominated in U.S. dollars (the "Notes") in 144A / Reg S format, subject to market and other customary conditions (the "Drawdown"), under its Global Medium Term Note Programme established in April 2020 (the "GMTN Programme"). The Drawdown is the third drawdown under the Issuer's GMTN Programme. The Issuer intends to use the net proceeds of the Drawdown to finance and/or refinance, directly or indirectly, certain investments in subsidiaries, to refinance certain outstanding indebtedness of the Issuer, and for general corporate purposes. In connection with the Drawdown, VEON has also prepared a third base offering memorandum supplement dated 16 November 2020 (the "Supplement") to the base offering memorandum prepared in connection with the GMTN Programme dated 16 April 2020, as previously supplemented by a first base offering memorandum supplement dated 8 June 2020 and a second base offering memorandum supplement dated 1 September 2020 (the "Base Offering Memorandum"), which today has been approved by the Luxembourg Stock Exchange, in order to enable the Notes to be admitted to listing on the Official List of the Luxembourg Stock Exchange and to trading on the Euro MTF market of the Luxembourg Stock Exchange.