Vodafone Group launches tender offers with cash cap of EUR4.0 billion

(Alliance News) - Vodafone Group PLC on Friday announced the launch of 10 separate offers to buy ...

Alliance News 19 March, 2021 | 2:11PM
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(Alliance News) - Vodafone Group PLC on Friday announced the launch of 10 separate offers to buy back outstanding US dollar and euro notes.

The telecommunications firm said the cash tender offer will be capped at EUR4.00 billion.

"The primary purpose of the offers is to acquire the maximum principal amount of notes for which the aggregate purchase price for the notes does not exceed the cash cap," Vodafone said.

The notes covered in the offer include both US dollar notes and euro notes.

The US dollar notes include: USD2.00 billion 3.750% notes due 2024; USD1.00 billion floating rate notes due 2024; USD895.5 million 2.950% notes due 2023; and the USD597.2 million 2.50% notes due 2022.

The euro notes include: EUR1.25 billion 1.750% notes due 2023; EUR1.25 4.65% notes due 2022; EUR500.0 million 5.375% notes due 2022; EUR750.0 million 0.500% notes due 2024; EUR1.00 billion 0.375% notes due November 2021; and the EUR751.6 million 1.250% notes due August 2021.

Results for the offers are expected on March 29.

Vodafone shares were down 2.0% at 133.40 pence each in London on Friday.

By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Vodafone Group PLC 67.00 GBX 0.93

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