Vodafone Group (VOD) launched an up to 2 billion euro ($2.34 billion) multi-currency debt tender and released initial terms for a multi-tranche offering of euro and sterling benchmark bonds, Bloomberg News reported Monday.

The company wants to raise three benchmark bonds in euros and one sterling-denominated benchmark note, a person familiar with the matter told Bloomberg.

The euro-denominated tranches include a four-year, eight-year and 13-year note, while the British pound-denominated tranche is a 25-year note, the person said.

This comes as Vodafone is looking to buy back its existing debt securities denominated in US dollars and British pounds, with maturities going up to 2059, through concurrent tender offers, according to the report.

The tender offer is expected to end on July 29, with an early settlement date of July 17, Bloomberg said.

Vodafone did not immediately respond to MT Newswires' request for comment on the matter.

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