Amsterdam, Netherlands, 13 November 2018-VEON Holdings B.V. (the `Company`), a wholly-owned subsidiary of VEON Ltd. (`VEON`),announced today that it commenced a cash tender offer (the `Tender Offer`) for: · any and all of the outstanding:(i) U.S.$1,000,000,000 7.748% Loan Participation Notes due 2021 issued by, but with limited recourse to, VIP Finance Ireland DAC (formerly VIP Finance Ireland Limited) (the `2021 Notes`);(ii) U.S.$1,500,000,000 7.5043% Guaranteed Notes due 2022 issued by VEON Holdings B.V. (formerly VimpelCom Holdings B.V.) (the `2022 Notes`) and unconditionally and irrevocably guaranteed by Public Joint Stock Company `Vimpel-Communications`; and(iii) U.S.$1,000,000,000...
|
