Mobile operator Vodafone Ukraine, part of NEQSOL Holding (Azerbaijan), has completed regular interest payments on its $12.4 million Eurobonds.
“Despite difficult operational and financial conditions related to the war, the company continues to service its debt in full,” the operator said in a press release Wednesday.
According to the release, the principal amount of the Eurobond debt is now $400 million, as the company has already repurchased and redeemed $100 million in bonds ahead of schedule.
As reported, in early February 2020, Vodafone Ukraine placed five-year $500 million Eurobonds at 6.2%. The 144A/Reg S issue was marketed to international investors in Europe and the US. The coupon on the eurobonds is paid semi-annually.
