Vodafone Ukraine and Raiffeisen Bank International AG have concluded a Derivatives Management Contract

Vodafone Ukraine and Raiffeisen Bank International AG have entered into a Derivatives Management Contract. The international Contract enables Vodafone to hedge currency risks at the international debt capital market with Raiffeisen Bank International AG, which is one of the main international partners of Vodafone Ukraine in the banking sector.

This is the first Derivatives Management Contract signed since the Law of Ukraine “On Capital Markets and Organized Commodity Markets” entered into force of in July 2021. All Ukrainian companies can now take advantage of the law.

The Contract has become another effective financial instrument for Vodafone. The Company has been successfully operating at the International Debt Capital Market since 2018. In February 2020, Vodafone Ukraine successfully issued Eurobonds on the Foreign Stock Market – 5-year bonds (“Eurobonds”) for $500 million with a coupon of 6.20% rate. Fitch and S&P assigned the bond credit rating of B as of May 24, 2021.

For further information, please contact 

Vodafone

Press Service

press@vodafone.ua

+380501103130