Vodafone Group Plc has announced the launch of capped tender offers for certain U.S. dollar and euro-denominated notes due 2028 to 2031. The offers are for the outstanding notes in three separate pools, with an aggregate principal amount for each pool. The offers are subject to the terms and conditions set out in the offer to purchase dated July 29, 2024, including the Financing Condition. The offers are for the following series of notes: 4.375% Notes due May 2028, 3.25% Notes due March 2029, 1.875% Notes due November 2029, 7.875% Notes due February 2030, and 1.60% Notes due July 2031.
The offers are divided into three pools, each with a maximum tender amount. The early tender premium for each series of notes is included in the total consideration and is not in addition to it. The terms and conditions of the March 2029 Notes provide for an optional call at par at Vodafone International Financing DAC's option on any date from December 2, 2028, to March 2, 2029. The notes accepted in the offers will be cancelled and retired.
Holders are advised to carefully read the offer to purchase for full details and information on the procedures for participating in the offers. All documentation relating to the offers, including the offer to purchase, is available on a specific website.