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Dutch communications and technology company VEON Holdings will fully redeem its bonds due December 2023 and June 2024 early, in a statement. The early redemption of the two notes will be done on September 27. Separately, VEON also said that it has agreed with the buyer of its Russian operations on amendments to a sale and purchase agreement initially announced in 2022 to exit Russia. They added that the amendments will not have any economic impact on the original terms of the deal.
VEON’s 4.95% 2024s jumped higher by 6 points to trade at par.