Vodafone announces redemption of 2028 maturing USD bonds

LootboxPhobia · 2026-02-24T09:25:53+00:00

Vodafone Group announces redemption notice to redeem the 4.375% bonds maturing in 2028. The redemption price will be the higher of two calculation methods, including accrued and unpaid interest.

LootboxPhobia

2026-02-24 09:25:53

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Investing.com – Vodafone Group Plc announced a redemption notice on Tuesday, to redeem its 4.375% bonds maturing in May 2028.

The telecommunications company will redeem the bonds at the higher of two calculated prices. The first method is 100% of the principal amount plus accrued and unpaid interest up to the redemption date.

The second method is the present value of the remaining principal and scheduled interest payments, discounted to the redemption date at an adjusted government bond yield plus 25 basis points, based on a semiannual period, plus accrued and unpaid interest up to the redemption date.

The definition of the adjusted government bond yield can be found in the supplement to the prospectus related to this bond published on May 23, 2018. The discount calculation assumes a 360-day year, consisting of 12 months of 30 days each.

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