Veon (VEON) said late Tuesday its Veon Midco unit has priced its offering of $700 million of 6.95% senior unsecured notes due 2031 and another $700 million of 7.45% of notes due 2033 at par of their principal amounts.
The offering reflects its balance sheet optimization, it said.
Net proceeds will be used to refinance its debt, including the purchase of its 3.375% senior notes due 2027, the company said.
3:00 Monday vs 3:00 Friday2yr 99-11 vs 99-12; 4.088% vs 4.079%5yr 98-06+ vs 98-09; 4.280% vs 4.256%10yr 98-01 vs 98-08; 4.621% vs 4.594%30yr 97-24+ vs 98-01+; 5.146% vs 5.127%2/10 53.099 bps vs 51.293 bps5/30 86.456 bps vs 86.919 bps
President Donald Trump will swear Kevin Warsh in as Federal Reserve chair on Friday during a ceremony, Bloomberg reported Monday, citing an official.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)