Vodafone Ukraine announces new tender to buy back $1.18 mln of notes

MOSCOW. March 16 (Interfax) - Vodafone Ukraine (VFU), the second largest Ukrainian mobile operator, which has bought back its own Eurobonds for nearly $22 million in a series of tender offers in connection with dividend payments since the end of May 2025, has called another such tender offer to repurchase notes at 98% of face value or $1.18 million in total.

Prior to that, Vodafone Ukraine paid its latest monthly on March 2, totaling UAH 50.866 million, equivalent to the monthly ceiling set by the National Bank of Ukraine for such payments of 1 million euros, Ukrainian media reported, citing the company's filing with the Irish Stock Exchange.

Tenders are accepted through March 26, with settlements before April 3.

A total of $300 million of notes maturing in February 2027 and with a nominal rate of 9.625% per annum were issued. The tender offer is related to the fact that on April 24, 2025 VFU announced the payment of dividends to its shareholder for 2024 in the amount of UAH 660.245 million, or $15.9 million at the exchange rate specified in the notification. In line with the restrictions imposed by the NBU, they will be paid in separate monthly dividend tranches.

Each such monthly dividend is due to reach the hryvnia equivalent of 1 million euros. The company said that, consistent with the issue terms, it was ready to invite all noteholders to apply for selling them to a sum equivalent to the dividends paid outside Ukraine.