Vodafone paid $12.4 million of interest on Eurobonds

Vodafone Ukraine, which is part of NEQSOL Holding, announces the successful payment of semi-annual interest amount on its outstanding Eurobonds.

 

On February 11, 2020, the Company successfully priced its debut international capital markets issuance - 5-year notes (“Eurobonds”) amounting to $500 million with a coupon of 6.20%. Vodafone marked the lowest price in the entire history of Eurobonds issuance by a corporate issuer from Ukraine.

In accordance with the placement conditions, the coupon, namely the interest on the placed notes, shall be paid every 6 months.

 

“Despite the difficult conditions caused by the war and the subsequent economic downturn, we continue to fulfill our commitments. This demonstrates the stability of our business and debt management efficiency, - commented on the payments Olga Ustynova, Vodafone Ukraine CEO. - The Company remains committed to maintaining a robust liquidity position as well as a sustainable debt leverage profile.”

 

As of today, the outstaning Eurobonds amount is $400 million. The Company has already bought back and cancelled $100 million of notes.

 

Vodafone Ukraine has been successfully operating on the international debt capital market since 2018.