Vodafone Ukraine announces new Eurobond buyback: what is known
5 February 12:09
Mobile operator VF Ukraine (Vodafone Ukraine, VFU), which, in connection with the payment of dividends at the end of May, repurchased its own Eurobonds worth approximately $20.4 million based on several offers, has announced another similar tender at a price of 98% of the nominal value for a total amount of $1.185 million.
This is stated in a report on the Irish Stock Exchange, according to "Komersant Ukrainian".
It is noted that prior to this, on February 3, the company made another monthly tranche of dividend payments in the amount of UAH 50.9 million, which is equivalent to the monthly ceiling for such payments set by the National Bank at EUR 1 million.
Applications for participation in the tender will be accepted until February 17 inclusive, and settlements are planned for February 24.
Bonds maturing in February 2027 with a nominal rate of 9.625% per annum were issued for $300 million. Their redemption is related to the fact that on April 24, 2025, VFU announced the accrual of dividends to its shareholder in the amount of UAH 660.24 million ($15.9 million at the exchange rate specified in the announcement) for 2024.
According to the restrictions of the National Bank, they will be paid in separate monthly payments.
Each monthly dividend is expected to amount to UAH 1 million, which is equivalent to EUR 1 million.
The company emphasized that under the terms of the bond issue, in this case, it must offer all bondholders to submit an application for their sale for an amount equal to the amount of dividends paid outside Ukraine.
