Dragon Capital investment group acted as a Joint Lead Manager for the Vodafone Ukraine’s debut five-year $500 million eurobonds offering, Dragon Capital has said in a press release.
“High demand from investors with the books reaching $3 billion+ allowed Vodafone Ukraine to achieve very good pricing terms with a coupon rate of 6.20%,” the company said.
The offering in Rule 144a/Reg S format was marketed to both European and U.S. clients.
VFU Funding Plc issued the bonds. The securities were placed for the period of five years with a two-year option. The listing platform is Euronext Dublin (GEM).
Dragon Capital said that the proceeds from the bond placement will be used for refinancing of the $464 million bridge facility, and general corporate purposes.
