Veon refinances RUB 30 bln loan agreement with VTB

News Wireless Russian Federation 13 JUL 2020
Veon refinances RUB 30 bln loan agreement with VTB

The Veon Group has announced that its subsidiary Veon Holdings BV has refinanced its existing RUB 30 billion bilateral term loan agreement with Russian VTB Bank. This refinancing will extend the maturity and reduce the cost of the existing loan between VTB Bank and Veon Holdings.

Veon Group CFO Serkan Okandan said that the transaction is another step in the group's continued focus on improving its capital structure and enhancing rouble financing.  

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