REDEMPTION OF APPROX $5.65BN OF OUTSTANDING NOTES
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
Vodafone Announces Redemption of Approximately
$5.65 Billion of Its Outstanding Notes
NEW YORK, February 24, 2014 - Vodafone Group Plc ("Vodafone") announced today that it will redeem all of the notes identified below (the "Notes") on March 26, 2014 in accordance with the optional redemption provisions provided in the documents governing such Notes. In each case, the redemption price will equal the greater of (i) 100% of the principal amount together with accrued interest to the redemption date, and (ii) as determined by the relevant quotation agent, the sum of the present values of the remaining scheduled payments of principal and interest on the Notes (excluding any portion of such payments of interest accrued as of the redemption date) discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate (as defined in the Notes) plus the applicable basis point amount, together with accrued interest to the redemption date. The redemptions will be funded with cash received in connection with the completion of the sale by Vodafone of its US group whose principal asset is its 45% interest in Verizon Wireless.
|
Notes |
Outstanding Principal Amount |
CUSIP No. |
NYSE Ticker |
|
4.150% Notes due June 10, 2014 |
$1,250,000,000 |
92857WAT7 |
VOD14 |
|
5.375% Notes due January 30, 2015 |
$900,000,000 |
92857WAD2 |
VOD15 |
|
5.000% Notes due September 15, 2015 |
$750,000,000 |
92857WAG5 |
VOD15S |
|
3.375% Notes due November 24, 2015 |
$500,000,000 |
92857WAU4 |
VOD15B |
|
0.900% Notes due February 19, 2016 |
$900,000,000 |
92857WBA7 |
VOD16 |
|
5.750% Notes due March 15, 2016 |
$750,000,000 |
92857WAK6 |
VOD16M |
|
2.875% Notes due March 16, 2016 |
$600,000,000 |
92857WAW0 |
VOD16N |
Payment of the redemption price of the Notes to be redeemed will be made only upon presentation and surrender thereof to The Bank of New York Mellon, the Trustee for the Notes, as follows:
The Bank of New York Mellon
101 Barclay Street
New York, New York 10286
Attention: Corporate Trust Administration
About Vodafone
Vodafone is one of the world's largest mobile communications companies by revenue with approximately 419 million customers in its controlled and jointly controlled markets as of December 31, 2013. Vodafone has equity interests in telecommunications operations in nearly 30 countries and around 50 partner networks worldwide. For more information, please visit: www.vodafone.com
The distribution of this announcement in certain jurisdictions may be restricted and accordingly it is the responsibility of any person into whose possession the announcement comes to inform themselves about and observe such restrictions.
This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.
# # #
Media Relations: telephone +44 1635 664444
Investor Relations: telephone +44 7919 990230
This information is provided by RNS
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