Vodafone Ukraine (VFU), Ukraine’s second-largest mobile operator, which has repurchased its own Eurobonds worth nearly $7 million since the end of May following three offers in connection with the payment of dividends, announced an increase in the redemption price in the fourth such tender from 85% to 90% of the nominal value.
As stated in the company’s announcement on the Irish Stock Exchange, the maximum redemption amount remained at $3.945 million, as announced on August 13, but the deadline for accepting applications was extended from August 28 to September 11, and settlements are now planned for approximately September 18.
The first two times, Vodafone Ukraine repurchased bonds for an amount equivalent to EUR1 million. The debut repurchase was announced at a price of 99% of the nominal value, the second at 90% of the nominal value. The company did not announce the results of the second buyback on the stock exchange, while the scaling factor for the first buyback was 0.0040355668.
According to the results of the third tender, where the redemption price was reduced to 85% of the nominal value and the offer was limited to $4.67 million, Vodafone Ukraine received applications for $53.395 million and satisfied them in the amount of $5.208 million. The scaling factor was 0.1315451889487317.
Bonds maturing in February 2027 with a nominal rate of 9.625% per annum were issued for $00 million. After the cancellation of the redeemed bonds, the total nominal value of the bonds remaining in circulation is $292.532 million.
The redemption of Eurobonds is related to the fact that on April 24, 2025, VFU announced the payment of dividends to its shareholder in the amount of UAH 660.245 million ($15.9 million at the exchange rate specified in the announcement) for 2024. According to the restrictions of the National Bank, they will be paid in separate monthly dividend payments. It is expected that each such monthly dividend will amount to UAH 1 million. Four such payments have already been made.
The company emphasized that under the terms of the bond issue, in this case, it must offer all bondholders to submit an application for their sale for an amount equal to the amount of dividends paid outside Ukraine.
As reported, VFU increased its revenue by 13.1% to UAH 24.44 billion in 2024, while reducing its net profit by 30.1% to UAH 3.54 billion.
In January-March 2025, revenue grew by 14% compared to the same period in 2024, to UAH 6.59 billion, while net profit fell by 24%, to UAH 697 million.
Ukraine’s second-largest mobile operator, Vodafone Ukraine (VFU), which bought back its own Eurobonds worth nearly $7 million at the end of May following three offers to pay dividends, has announced a fourth similar tender at 85% of par value for a total of $3.945 million.
As stated in a notice on the Irish Stock Exchange, on August 1, the company made the fourth tranche of dividend payments in the amount of UAH 47.749 million, which is equivalent to the monthly ceiling for such payments set by the National Bank at EUR 1 million.
Applications for the fourth tender for the redemption of bonds will be accepted until August 28 inclusive, and settlements are scheduled for approximately September 4.
As reported, following the previous tender, where the redemption price was also 85% of the nominal value and the offer was limited to $4.67 million, Vodafone Ukraine received applications for $53.395 million and satisfied them in the amount of $5.208 million.
After the cancellation of the redeemed bonds, the total nominal value of the bonds remaining in circulation is $292.532 million.
The first two times, Vodafone Ukraine redeemed bonds for an amount equivalent to EUR1 million. The debut redemption was announced at a price of 99% of the nominal value, the second at 90% of the nominal value. The company did not announce the results of the second redemption on the exchange, while the scaling factor for the first redemption was 0.0040355668 and for the third redemption was 0.1315451889487317.
The buyback of Eurobonds is related to the fact that on April 24, 2025, VFU announced the payment of dividends to its shareholder in the amount of UAH 660.245 million ($15.9 million at the exchange rate specified in the announcement) for 2024. According to the restrictions of the National Bank, they will be paid in separate monthly dividend payments. Each such monthly dividend is expected to amount to the equivalent of EUR1 million in hryvnia.
The company emphasized that under the terms of the bond issue, in this case, it must offer all bondholders to submit an application for their sale for an amount equal to the amount of dividends paid outside Ukraine.
VFU previously recalled that a total of $300 million in bonds maturing in February 2027 with a nominal rate of 9.625% per annum were issued, of which the company currently holds $0.5 million in bonds.
As reported, VFU increased its revenue by 13.1% to UAH 24.44 billion in 2024, while reducing its net profit by 30.1% to UAH 3.54 billion.
In January-March 2025, revenue grew by 14% compared to the same period in 2024, to UAH 6.59 billion, while net profit fell by 24%, to UAH 697 million.
Ukraine’s second-largest mobile operator, Vodafone Ukraine (“Vodafone Ukraine,” VFU), which on July 15 announced a third offer to buy back its Eurobonds at a price reduced to 85% of their face value in connection with the payment of dividends, received applications for $53.395 million and satisfied them in the amount of $5.208 million.
“All purchased bonds have been cancelled, and following such cancellation, the total nominal value of bonds remaining in circulation is $292,532,259.80,” the company said in a statement on Monday on the Irish Stock Exchange.
Vodafone Ukraine recalled that the scaling factor was 0.131545188948731, and the tender offer was settled on August 6.
The first two times, Vodafone Ukraine redeemed bonds for an amount equivalent to EUR1 million, and the third time for an amount equivalent to EUR1 million + $3.5 million.
The debut buyback was announced at 99% of par value, the second at 90% of par value, and the third at 85% of par value. The company did not announce the results of the second buyback on the exchange, while the scaling factor for the first buyback was 0.0040355668.
The buyback of Eurobonds is related to the fact that on April 24, 2025, VFU announced the payment of dividends to its shareholder in the amount of UAH 660.245 million ($15.9 million at the exchange rate specified in the announcement) for 2024. According to the restrictions of the National Bank, they will be paid in separate monthly dividend payments. Each such monthly dividend is expected to amount to the equivalent of EUR1 million in hryvnia.
The company emphasized that under the terms of the bond issue, in this case, it must offer all bondholders to submit an application for their sale for an amount equal to the amount of dividends paid outside Ukraine.
VFU previously recalled that a total of $300 million in bonds maturing in February 2027 with a nominal rate of 9.625% per annum were issued, of which the company currently holds $0.5 million in bonds.
As reported, VFU increased its revenue by 13.1% to UAH 24.44 billion in 2024, while reducing its net profit by 30.1% to UAH 3.54 billion.
In January-March 2025, revenue grew by 14% compared to the same period in 2024, to UAH 6.59 billion, while net profit fell by 24%, to UAH 697 million.
Ukraine’s second-largest mobile operator, Vodafone Ukraine (VFU), which on May 23 announced an offer to repurchase its Eurobonds worth $1.11 million, has received bids significantly exceeding the repurchase amount.
“The offered bonds will be accepted for purchase on a pro rata basis in accordance with a scaling factor of 0.0040355668,” the issuer said in a statement on the Irish Stock Exchange on Monday.
According to the statement, if the application of this ratio to the bond package of any holder results in an amount less than the minimum nominal value, such offered bonds will be rejected.
The settlement date for the tender offer will be approximately June 13, 2025.
The redemption of Eurobonds is related to the fact that on April 24, 2025, VFU announced the payment of dividends to its shareholder in the amount of UAH 660.245 million ($15.9 million at the exchange rate specified in the announcement) for 2024. According to the restrictions of the National Bank, they will be paid in separate monthly dividend payments. Each such monthly dividend is expected to amount to EUR1 million in hryvnia.
The company emphasized that, according to the terms of the bond issue, in this case, it must offer all bondholders to submit an application for their sale for an amount equal to the amount of dividends paid outside Ukraine.
According to the announced terms, the bonds will be redeemed at a rate of 99% of their face value.
VFU recalled that a total of $300 million in bonds maturing in February 2027 with a nominal rate of 9.625% per annum were issued, of which the company currently holds $0.5 million in bonds.
As reported, VFU increased its revenue by 13.1% to UAH 24.44 billion in 2024, while reducing its net profit by 30.1% to UAH 3.54 billion.
In January-March 2025, revenue grew by 14% compared to the same period in 2024, to UAH 6.59 billion, while net profit fell by 24% to UAH 697 million.
Ukraine’s second-largest mobile operator, Vodafone Ukraine (VFU), has announced a proposal to buy back its Eurobonds worth $1.11 million in connection with the company’s first monthly dividend payment to shareholder Telco Investments B.V. in the amount of UAH 46.092 million on May 14 this year.
As the company explained in a stock exchange announcement on Friday, according to changes made by the National Bank of Ukraine on December 21, 2024, it is now permitted to pay dividends abroad on a monthly basis in an amount not exceeding EUR 1 million per month.
Accordingly, on April 24, 2025, VFU announced the payment of dividends to its shareholder in the amount of UAH 660.245 million ($15.9 million at the exchange rate specified in the announcement) for 2024 and intends to pay them in separate monthly dividend payments. Each such monthly dividend is expected to amount to the equivalent of EUR1 million in hryvnia.
The company emphasized that, in accordance with the terms of the bond issue, in such a case it must offer all bondholders the opportunity to apply for the sale of their bonds for an amount equal to the amount of dividends paid outside Ukraine.
According to the announced terms, the bonds will be redeemed at 99% of their face value.
VFU recalled that a total of $300 million worth of bonds maturing in February 2027 with a nominal interest rate of 9.625% per annum were issued, of which the company currently holds $0.5 million worth of bonds.
Applications for participation in the buyback will be accepted until June 6 inclusive.
As reported, VFU increased its revenue by 13.1% to UAH 24.44 billion in 2024, while reducing its net profit by 30.1% to UAH 3.54 billion.
In January-March 2025, revenue grew by 14% compared to the same period in 2024, to UAH 6.59 billion, while net profit fell by 24% to UAH 697 million.
The second largest Ukrainian mobile operator, Vodafone Ukraine (VFU), invested UAH 754 million in strengthening the energy resilience of its network in 2024, equipping 65% of its base stations (BS) with backup power systems capable of providing autonomous operation for 4 to 72 hours.
“As of the end of 2024, all of the company’s base stations are equipped with backup power systems, 65% of which are capable of providing backup power for 4 to 72 hours in the event of a planned or emergency power outage,” the company said in a management report on its official website.
Over the past two years, the company has been investing in new types of batteries for its communications facilities, installing lithium-ferrous (LiFePO4) batteries at its base stations. They are much better suited to harsh operating conditions with frequent and prolonged power outages and are capable of providing 13 times more charge cycles, according to the statement.
In 2024, Vodafone Ukraine installed and planned to install 83,400 lithium-iron batteries (20,850 48V batteries with a capacity of 100 Ah), which is 1.5 times more than the capacity of the network at the beginning of 2024. The equipment can operate autonomously for 4 to 20 hours.
The mobile network is also supported by 1,932 generator sets, including its own stationary and mobile generators, as well as generator sets from partners and customers.
During the full-scale war alone, Vodafone Ukraine purchased about 500 mobile generators and the necessary auxiliary equipment for their operation. In 2024-2025, the company plans to further increase their number to comply with the relevant orders of the National Center for Operational and Technical Management of Telecommunications Networks (NCTU). It plans to purchase 250 stationary diesel generator sets (DGS) and 250 mobile generators, according to the company’s statement.
The statement also said that in 2024, Vodafone Ukraine built three solar power plants in the Poltava and Dnipropetrovsk regions.
Earlier, the company’s CEO Olga Ustinova said that Vodafone Ukraine had invested UAH 2 billion in rechargeable batteries over the past two years to power base stations during power outages.
