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Telia Company AB (publ) - Tender Offer 2024 (XS) - Launch

Telia Company AB (publ) (formerly TeliaSonera AB (publ)) announces a cash tender offer in respect of its outstanding SEK 600,000,000 3.995 per cent. Notes due 7 November 2024 (XS2553184461), SEK 2,400,000,000 Floating Rate Notes due November 2024 (XS2553183810), €650,000,000 3.875 per cent. Notes due 1 October 2025 (XS0545428285) and €500,000,000 3.00 per cent. Notes due 7 September 2027 (XS0826189028)
 

04 MARCH 2024


Full announcement including disclaimers and offer/distribution restrictions available via Luxse


Telia Company AB (publ) (the "Issuer") today announces an invitation to holders of its outstanding SEK 600,000,000 3.995 per cent. Notes due 7 November 2024 (XS2553184461) (the "2024 Fixed Rate Notes"), SEK 2,400,000,000 Floating Rate Notes due November 2024 (XS2553183810) (the "2024 Floating Rate Notes"), €650,000,000 3.875 per cent. Notes due 1 October 2025 (XS0545428285) (the "2025 Notes") and €500,000,000 3.00 per cent. Notes due 7 September 2027 (XS0826189028) (the "2027 Notes") (together, the "Securities" and each series of Securities, a "Series") to tender (i) any and all of their 2024 Fixed Rate Notes and 2024 Floating Rate Notes and (ii) their 2025 Notes and their 2027 notes up to an aggregate principal amount of €500,000,000 (the "Maximum Acceptance Amount"), in each case for purchase by the Issuer for cash subject to the conditions described in the tender offer memorandum dated 4 March 2024 (the "Tender Offer Memorandum").

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Rationale for the Tender Offers


The Tender Offers constitute part of the Issuer's ongoing balance sheet management aiming to proactively optimise its liability structure and manage upcoming debt redemptions. The Issuer intends to cancel all of the Securities acquired pursuant to the Tender Offers. Securities which have not been validly submitted for tender or which are otherwise not purchased pursuant to the Tender Offers will remain outstanding on their existing terms.


The Tender Offers


The Issuer will purchase the Securities validly tendered and accepted by it pursuant to the relevant Tender Offer for cash at the relevant Tender Price as described in further detail in the Tender Offer Memorandum and below, together with an amount equal to accrued and unpaid interest on such Securities from and including the most recent interest payment date to but excluding the Settlement Date:"



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