VEON Ltd. announced on January 30, 2025, the successful completion of a bond consent solicitation process undertaken by VEON Holdings B.V. The process received unanimous support from voting noteholders, with 100% of total votes cast in favor and 95.83% in principal amount of the Notes represented.
This completion is an important milestone for VEON, following the announcement of a Letter of Intent with Cohen Circle to enter into a business combination aimed at listing Kyivstar on the Nasdaq in the United States. The consent allows for the substitution of a new VEON subsidiary for the Issuer and other amendments to the terms of the U.S.$1,013,683,000 3.375 per cent. Senior Unsecured Notes due 25 November 2027.
Group CEO Kaan Terzioglu stated that the unanimous backing of participating bondholders is a further sign of investor support for VEON’s decision to pursue the potential indirect listing of Kyivstar. This successful solicitation removes a potential hurdle and demonstrates confidence in the company's strategic direction.
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