VEON Bonds to Re-Enter CEMBI and JACI Indices
September 27 2024 - 12:30AM
Amsterdam, 27 September 2024 – VEON Ltd. (Nasdaq:
VEON, Euronext Amsterdam: VEON), a global digital operator that
provides converged connectivity and online services, announces that
the VEON Holdings B.V. notes due November 2027 (the “2027 Notes”)
are expected to be included in the J.P. Morgan EM Corporate Indices
(CEMBI, JACI and JSEG) at the end of September 2024.
“VEON represents a unique opportunity for
international investors to participate to the growth opportunity in
Central and South Asia. Inclusion of VEON’s 2027 Notes in the J.P.
Morgan EM Corporate Indices is undoubtedly a positive development
for the company and its investors. I am pleased by the important
progress we have made this year to make the VEON story more
attractive for investors and I once again want to thank our
bondholders for their trust and continued support,” said Kaan
Terzioglu, VEON Group CEO.
The CEMBI index was launched by J.P. Morgan in
2007 and is a benchmark index that tracks US-dollar denominated
corporate bonds issued by emerging market companies. It consists of
a liquid basket of corporate bond issues from emerging markets,
typically made up of around 80 bonds from 60 issuers and 16
countries. The J.P. Morgan Asia Credit Index (JACI) is an all
inclusive benchmark that tracks liquid, US-dollar denominated debt
instruments issued out of the Asia ex-Japan region.
About VEONVEON is a digital operator that
provides converged connectivity and digital services to nearly 160
million customers. Operating across six countries that are home to
more than 7% of the world’s population, VEON is transforming lives
through technology-driven services that empower individuals and
drive economic growth. Headquartered in Amsterdam, VEON is listed
on Nasdaq and Euronext. For more information
visit: www.veon.com
Disclaimer This release contains
“forward-looking statements,” as the phrase is defined in Section
27A of the U.S. Securities Act of 1933, as amended, and Section 21E
of the U.S. Securities Exchange Act of 1934, as amended.
Forward-looking statements are not historical facts, and include
statements relating to, among other things, the inclusion of the
2027 Notes in the J.P. Morgan EM Corporate Indices. Forward-looking
statements are inherently subject to risks and uncertainties, many
of which VEON cannot predict with accuracy and some of which VEON
might not anticipate. The forward-looking statements contained in
this release speak only as of the date of this release. VEON does
not undertake to publicly update, except as required by U.S.
federal securities laws, any forward-looking statement to reflect
events or circumstances after such dates or to reflect the
occurrence of unanticipated events.
Contact Information
VEON Hande Asik Group Director of Communications
pr@veon.com
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