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09 August 2021

Vodafone Ukraine and RBI signed a contract regarding the management of derivatives

Vodafone Ukraine and Raiffeisen Bank International AG have concluded a management derivatives contract. The contract allows Vodafone to hedge currency risks at the international borrowed capital market with the help of Raiffeisen Bank International AG, which is one of the main international partners of Vodafone Ukraine in the banking sector.

This is the first management derivatives contract signed since the Law of Ukraine "On Capital Markets and Organized Commodity Markets" entered into force in July 2021. All Ukrainian companies can now take advantage of the above-mentioned law.

This contract has become another effective financial instrument for Vodafone. The company has been successfully operating at the international debt capital market since 2018. In February 2020, Vodafone Ukraine successfully issued Eurobonds at the external stock market – 5-year bonds (“Eurobonds”) – in the amount of $500 million with a coupon of 6.20%. The bonds were rated B by Fitch and S&P as of May 24, 2021.

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About Vodafone 

Vodafone is the largest mobile and fixed network operator in Europe and a leading global IoT connectivity provider. Company operates mobile and fixed networks in 21 countries and partner with mobile networks in 49 more. As of 31 March 2021, Vodafone had over 300m mobile customers, more than 28m fixed broadband customers, over 22m TV customers and connected more than 123m IoT devices. 
About 19 million customers in Ukraine prefer Vodafone services. Today Vodafone provides 4G coverage for 82% of Ukrainians. Vodafone's investments in the period of active construction of high-speed Internet networks in 2015-1st quarter of 2020 exceeded UAH 29.7 billion. Record investments made it possible to ensure technological leadership and develop new technological directions – the Internet of Things (IoT), technologies and solutions for Smart City, Big Data analytics, Fintech services and cloud services.

About Raiffeisen Bank International AG

RBI regards Austria, where it is a leading corporate and investment bank, as well as Central and Eastern Europe (CEE) as its home market. 13 markets of the region are covered by subsidiary banks. Additionally, the RBI Group comprises numerous other financial service providers, for instance in leasing, asset management or M&A. 

Around 45,000 employees service 17.7 million customers through approx. 1,800 business outlets, the by far largest part thereof in CEE. RBI's shares are listed on the Vienna Stock Exchange. The Austrian regional Raiffeisen banks own around 58.8 per cent of the shares, the remainder is in free float. Within the Austrian Raiffeisen Banking Group, RBI is the central institute of the regional Raiffeisen banks and other affiliated credit institutions.