Vodafone paid $12.4 million of interest on Eurobonds

Vodafone Ukraine, which is part of NEQSOL Holding, announces the completion of regular interest payments on Eurobonds.

On February 11, 2020, the Company successfully priced its debut international capital markets issuance - 5-year bonds (“Eurobonds”) amounting to $500 million with a yield 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 bonds, 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 loan funds 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 amount of the bond balance is $400 million. The Company has already redeemed and made a premature payment of $100 million.

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