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VEON unit prices $700M of senior notes

VEON unit VEON Holdings BV priced $700.0 million of its senior unsecured notes due 2025.

The settlement date for the offering is expected to be Oct. 9, the company said Oct. 2.

VEON Holdings intends to use the net proceeds to refinance certain existing outstanding debt and address upcoming debt maturities, including drawings on the revolving credit facility used to fund the mandatory tender offer for Global Telecom Holding SAE and for general corporate purposes.