“Vodafone Ukraine” announces pricing of US$500 million debut loan participation notes
Private Joint Stock Company “Vodafone Ukraine”, the second largest mobile network operator in Ukraine based on the number of subscribers and part of NEQSOL Holding, has announced that VFU Funding PLC has successfully priced its debut international capital markets issuance – US$500 million of 6.20% loan participation notes due 11 February 2025. The Notes will be issued by VFU Funding PLC, for the sole purpose of financing a loan to Vodafone Ukraine.
The application will be made to admit the Notes to the Official List of the Irish Stock Exchange plc (trading as Euronext Dublin) and trading on its Global Exchange Market. The securities are expected to be rated B by S&P, and B by Fitch (in line with the corporate ratings of Vodafone Ukraine).