VEON Prices USD 1.4 Billion Bond Offering to Refinance Debt

VEON ( (VEON) ) just unveiled an announcement.

On May 19, 2026, VEON priced a USD 1.4 billion senior unsecured bond offering through its subsidiary VEON Midco B.V., split into two equal tranches of USD 700 million each, maturing in 2031 and 2033 with coupons of 6.95% and 7.45% respectively, and expected BB- ratings from S&P and Fitch. The deal, which is intended to refinance existing debt including a tender offer for up to USD 750 million of 3.375% notes due 2027, marks a key step in VEON’s balance sheet optimization and underlines its continued access to international capital markets, with the notes set to trade on Luxembourg’s Euro MTF and offered under Rule 144A and Regulation S.

The most recent analyst rating on (VEON) stock is a Buy with a $110.00 price target. To see the full list of analyst forecasts on VEON stock, see the VEON Stock Forecast page.

Spark’s Take on VEON Stock

According to Spark, TipRanks’ AI Analyst, VEON is a Neutral.

The score is driven primarily by improving profitability and positive business momentum highlighted on the earnings call (raised revenue outlook and strong Q1 growth) and supportive technical trends. This is tempered by elevated balance-sheet risk (leverage) and weak valuation signals due to a negative P/E and no dividend yield data.

To see Spark’s full report on VEON stock, click here.

More about VEON

VEON Ltd. is a global digital operator listed on Nasdaq that provides connectivity and digital services to more than 150 million connectivity customers and over 228 million digital users. Operating across five countries that together account for over 6% of the world’s population, the company focuses on technology-driven services that aim to empower individuals and support economic growth.

Average Trading Volume: 115,878

Technical Sentiment Signal: Strong Buy

Current Market Cap: $3.78B

See more insights into VEON stock on TipRanks’ Stock Analysis page.