Vodafone-Ukraine to raise up to $500 mln of external financing for development.

The shareholders of PrJSC VF Ukraine (provides mobile services under the Vodafone-Ukraine brand) on January 20 decided to provide prior consent to raising funds of up to $1 billion, but the company plans to gradually raise up to $500 million from external sources for the implementation of the development strategy, the operator's press service has told Interfax-Ukraine.

"At the moment, the company is considering its development strategy. In the near future, we are considering options for phased attraction of external financing in the range of $500 million," Viktoria Ruban, the head of the public relations department of Vodafone-Ukraine, said.

According to her, attracting external financing on favorable terms is consistent with the company's development strategy and is a common practice in business.

According to a company report in the information disclosure system of the National Commission for Securities and the Stock Market, the company was allowed to sign loan agreements, agreements on commissions, orders from other transactions related to raising funds. The limit amount of such transactions is $1 billion (or UAH 24.253 billion at the NBU rate as of January 20, 2020).

The value of the company's assets as of 2018 stood at UAH 21.479 billion.

The ratio of the marginal aggregate of transaction value to the value of the issuer's assets according to the latest annual financial statements is 112.91%.

Related news

Ukraine exports 16 mln tonnes of wheat over six months – expert.

In the first half of the 2019/2020 marketing year, Ukraine exported about 16 million tonnes of wheat, Director General of UkrAgroConsult consulting agency Serhiy Feofilov has stated.

1 5

Ukraine's National Bank exploring possibility of issuing e-hryvnia.

Some 80% of the world's central banks today are working on digital currency, the official says.

EBA opposes bill on annual increase in share of domestic raw materials in cognac production to 85% in 2027.

The European Business Association (EBA) has called on lawmakers to reject bill No. 2431 on the mandatory use of domestic raw materials in production of cognac in Ukraine with the annual growth of the share of domestic raw materials to 85% from Jan...

1

President presents state grants to winners of first startup competition.

President of Ukraine Volodymyr Zelensky has participated in the award ceremony of the first grant contest of the Ukrainian Startup Fund.

1

Ukraine, EU intensify cooperation on adaptation of Ukrainian legislation in field of SPS measures.

Representatives of the competent authorities of Ukraine and the European Union discussed the current state of implementation of EU laws in the field of sanitary and phytosanitary measures in Ukrainian legislation in accordance with the Association...

By continuing to browse World News (UAZMI), you acknowledge that you have read the Terms of Use and agree to the use of cookies