VEON - VEON Receives Licence from U.S. Treasury's OFAC Amends 2025 and 2027 Notes | Benzinga
Amsterdam, 9 July 2024: VEON Ltd. (NASDAQ:VEON), a global digital operator that provides converged connectivity and online services ("VEON" or the "Company"), is pleased to announce that, following the consent of its respective bondholders and the receipt of a licence from U.S. Treasury's Office of Foreign Assets Control (OFAC), it has now amended the original VEON Holdings B.V. notes due April 2025, June 2025 and November 2027 (collectively, the "Original Notes").
VEON Holdings will no longer be required to make principal or interest (including any accrued interest) payments under the Original Notes. As such, the Original Notes are effectively economically cancelled. In May and June 2024, VEON Holdings B.V. issued new April 2025, June 2025 and November 2027 notes to eligible investors who participated in the consent solicitation or the subsequent exchange. VEON Holdings also executed ...