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 US$ 1.25 billion 3.375% senior unsecured notes due 2027 in 144A / Reg S format under its Global Medium Term Note program, established in April by VEON Holdings B.V. The settlement date for the offering was November 25th, 2020.

Baker McKenzie represented Citi, ING Bank N.V., London Branch and J.P. Morgan Securities plc.

Leading on the transaction, London partner Rob Mathews said, "This deal was a great example of VEON, their investment banks and advisors collaborating to quickly and efficiently launch another successful transaction. It was a great opportunity to be a part of this transaction.”

The Baker McKenzie team was led from London by Capital Markets partners Rob Mathews, Roy Pearce and Haden Henderson, alongside senior associates Maxim Khrapov and Samantha Greer, associate AJ Brown and trainee Abigail Saffron. 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 bank/bond finance practice, representing corporates, lenders and underwriters, and financial sponsors across a broad range of financial products. Earlier this year, Baker McKenzie also advised the investment banks in connection with VEON’s two previous Russian Rouble-denominated bond offerings and VTB Bank and Alfa Bank in connection with the amendment and restatement of certain of VEON's credit facilities.


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