VEON Ltd. announced on March 27, 2025, the successful syndication of a 24-month, USD 210 million senior unsecured term loan. The financing was secured under a new facility agreement from a consortium of international lenders, including ICBC Standard Bank and leading GCC banks.
Group CEO Kaan Terzioglu stated that this return to the capital markets reflects strong market confidence in VEON’s strategy, financial health, and future prospects. The new debt facility not only strengthens the company's liquidity position but also reinforces its commitment to executing its digital operator strategy.
Group CFO Burak Ozer added that this new HQ-level syndicated loan is a testament to VEON’s strong relationships with its financial partners. The facility, bearing interest at SOFR plus 425 bps, will significantly enhance the Group’s financial flexibility and overall financial position.
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