VEON's 2027 Notes to Join Major Indices
VEON Ltd., a leading digital operator known for providing converged connectivity and an array of online services, has recently announced an important milestone. The company’s bonds, specifically the VEON Holdings B.V. notes due November 2027, are anticipated to be added to the prestigious J.P. Morgan EM Corporate Indices, including CEMBI and JACI, by the end of September.
A Unique Investment Opportunity
Kaan Terzioglu, the CEO of VEON Group, expressed his optimism regarding this development, noting, "VEON represents a unique opportunity for international investors to participate in the growth potential in Central and South Asia. Inclusion of VEON’s 2027 Notes in the indices is a significant advancement for the company and its bondholders. I appreciate our bondholders' ongoing trust and support, which has played a crucial role in enhancing our company's appeal to investors this year.”
Index Background
The CEMBI index, established by J.P. Morgan in 2007, serves as a benchmark for monitoring US-dollar denominated corporate bonds issued by emerging market companies. This index features a carefully curated selection of approximately 80 bonds from around 60 issuers across 16 countries, providing investors with a solid overview of the market.
Overview of the JACI
In addition to CEMBI, the J.P. Morgan Asia Credit Index (JACI) plays a pivotal role as a comprehensive benchmark tracking liquid, US-dollar denominated debt instruments originating from the Asia ex-Japan region. The acknowledgment of VEON's bonds by both indices signifies the company’s growing prominence in international markets.
VEON’s Digital Transformation
VEON stands out as a transformative digital operator, serving nearly 160 million customers across six countries, which together represent over 7% of the global population. The company is dedicated to leveraging technology-driven services that not only empower individuals but also foster economic growth in the regions where it operates. By focusing on innovative solutions and exceptional service delivery, VEON is reshaping the landscape of connectivity.
Commitment to Growth
Headquartered in Amsterdam, VEON is listed on both Nasdaq and Euronext. With a commitment to driving positive change through digital services, the company continues to enhance its offerings, ensuring that customers have access to the best possible connectivity and online experiences. Further, VEON's move to include its 2027 Notes in major indices is indicative of its ambitious goals in emerging markets.
Looking Ahead
As VEON progresses down this path, the endorsement from J.P. Morgan’s indices not only cements its strategy but also opens doors for broader investment possibilities. Investors are likely to view this development as a testament to VEON's robust positioning and growth trajectory, fostering increased interest and potential engagement in the company’s journey.
Contact Information
For inquiries or further information, please reach out to Hande Asik, Group Director of Communications at VEON, via email at pr@veon.com.
Frequently Asked Questions
What are VEON's 2027 Notes?
The VEON 2027 Notes are bonds issued by VEON Holdings B.V., which are expected to be included in major J.P. Morgan EM Corporate Indices, enhancing their visibility and investment potential.
Why is VEON's inclusion in these indices significant?
This inclusion signifies a positive recognition from an influential financial entity, which can lead to increased investor confidence and potentially higher demand for the bonds.
How does VEON contribute to economic growth?
VEON provides cutting-edge digital services that enhance connectivity and empower individuals, thereby driving economic development in the regions it serves.
Where is VEON headquartered?
VEON is headquartered in Amsterdam and operates across multiple countries, providing services to a vast customer base.
How can I learn more about VEON?
For additional information, interested parties can visit VEON's official website at www.veon.com.
