Leading global law firm Baker McKenzie has advised the Managers in connection with the issuance by VEON, a leading global provider of connectivity and internet services, of RUB 20 billion ($290 million) 6.3% senior unsecured notes due 2025 in 144A / Reg S format under its Global Medium Term Note program, established in April by VEON Holdings B.V. (which the Firm also advised on, view press release). The settlement date for the offering was June 18.

This is VEON's first Russian Rouble-denominated bond offering since 2013 and represents another step forward in its ongoing capital structure enhancement.

Baker McKenzie represented ALFA-BANK, Citigroup, Sberbank CIB and VTB Capital, as Managers.

Leading on the transaction, London partner Rob Mathews said, "This well executed transaction by VEON and its advisors is a good example of a strong corporate tapping a broad international investor base for best execution. It was great to be part of the deal."

The Baker McKenzie team was led from London by Capital Markets partners Rob Mathews, Roy Pearce and Haden Henderson, alongside senior associate Maxim Khrapov, associate Samantha Greer and trainee Chloe Potter. They were supported by teams from the Firm's offices in Amsterdam (partner Philippe Steffens and associate Jot van Suijlen) and in the US (partners Kai Kramer and Patricia McDonald).

This transaction is the latest example of Baker McKenzie's full service debt capital markets practice, representing corporate issuers, underwriters and financial sponsors across a broad range of financial products.
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