Vodafone Launches €2 Billion Debt Tender, New Bond Sales

Vodafone Group Plc pulled in multi-billion investor bids across a multi-currency debt sale, the proceeds of which will be used to finance a sweeping €2 billion ($2.35 billion) debt buyback announced on Monday.

The company and its subsidiary Vodafone International Financing DAC raised €1.9 billion from three bonds in the single currency and £500 million sterling-denominated note, according to a person familiar with the matter who asked not to be identified. The debt sale comes as Vodafone looks to to repurchase existing debt securities denominated in US dollars and British pounds through concurrent tender offers.