Page 92 - RusRPTMay20

8.5.1​ Fixed income - bond news
Amsterdam-based Russian telecoms holding​ ​VEON​, that owns the Russian mobile operator VimpelCom and its Beeline brand, has launched a medium term bond programme worth $6.5bn​, the company said last week. The Global Medium Term Note program (MTN Program) will issue bonds up to $6.5bn, or equivalent in other currencies, to finance its ongoing development. “In connection with the establishment of the MTN Program, VEON has also prepared a base offering memorandum, which today has been approved by the Luxembourg Stock Exchange, in order to enable bonds issued under the MTN Program to be admitted to listing on the Official List of the Luxembourg Stock Exchange and to trading on the Euro MTF market of the Luxembourg Stock Exchange,” VEON said as cited by PRIME. “The general terms and conditions of the MTN Program are found in their entirety in the base offering memorandum.”
92​ RUSSIA Country Report​ May 2020 ​ ​www.intellinews.com