Credit Investors
The information is accurate as of 31 March 2024
Debt per entity and per type1-2
(USD, millions)
Entity
Bonds
Loans
Overdrafts and Vendor Financing
Total
VEON Holdings B.V.
1,798
-
-
1,798
Pakistan Mobile Communications Limited
-
504
2
506
Banglalink Digital Communications Ltd.
-
148
3
151
Others
7
62
62
131
Total
1,805
714
67
2,586
1Excluding lease liabilities
2Excluding long term accounts payables.
The information is accurate as of 31 March 2024
Issuer
Bonds
ISIN
Date of Issuance
Maturity date
Amount issued
Amount outstanding
Coupon
Coupon frequency
Bond rating
VEON Holdings B.V.
Notes due 2025
US92334VAA35 (144A) XS2058691663 (REGS)
October 9, 2019 tap: January 22, 2020
April 9, 2025
USD 1,000,000,000
USD 555,808,000
4.0000%
Semi annual
BB-
VEON Holdings B.V.
Notes due 2025
XS2184900269 (144A) XS2184900186 (REGS)
June 18, 2020
June 18, 2025
RUB 20,000,000,000
RUB 9,186,800,000
6.3000%
Semi annual
BB-
VEON Holdings B.V.
Notes due 2025
XS2226716392 XS2226712995
September 11, 2020
September 11, 2025
RUB 10,000,000,000
RUB 3,273,900,000
6.5000%
Semi annual
BB-
VEON Holdings B.V.
Notes due 2026
XS2343534462 (144A) XS2343532508 (REGS)
September 16, 2021
September 16, 2026
RUB 20,000,000,000
RUB 1,356,500,000
8.1250%
Semi annual
BB-
VEON Holdings B.V.
Notes due 2027
XS2252958751 US91823N2A05
November 25, 2020
November 25, 2027
USD 1,250,000,000
USD 1,092,635,000
3.3750%
Semi annual
BB-
The information is accurate as of 31 March 2024
VEON consolidated debt overview.1-2
Entity
Type of debt/ original lenders
Interest rate
Debt currency
Outstanding debt (mln)
Outstanding debt (USD mln)
Maturity date
Guarantor
Security
VEON Holdings B.V.
Notes
4.0000%
USD
556
556
09.04.2025
None
None
VEON Holdings B.V.
Notes
6.3000%
RUB
9,187
99
18.06.2025
None
None
VEON Holdings B.V.
Notes
6.5000%
RUB
3,274
35
11.09.2025
None
None
VEON Holdings B.V.
Notes
8.1250%
RUB
1,357
15
16.09.2026
None
None
VEON Holdings B.V.
Notes
3.3750%
USD
1,093
1,093
25.11.2027
None
None
TOTAL VEON Holdings B.V.
1,798
PMCL
Syndicated Loan Facility
6M KIBOR + 0.55%
PKR
21,155
76
02.09.2026
None
Certain assets of the borrower
PMCL
Loan from Habib Bank Limited
6M KIBOR + 0.55%
PKR
8,981
32
02.09.2026
None
Certain assets of the borrower
PMCL
Syndicated Loan Facility
6M KIBOR + 0.55%
PKR
15,000
54
18.05.2028
None
Certain assets of the borrower
PMCL
Syndicated Loan Facility
3M KIBOR + 0.60%
PKR
50,000
180
05.07.2031
None
Certain assets of the borrower
PMCL
Loan from United Bank Limited
3M KIBOR + 0.55%
PKR
5,000
18
18.05.2028
None
Certain assets of the borrower
PMCL
Syndicated Loan Facility
6M KIBOR + 0.60%
PKR
40,000
144
19.04.2032
None
Certain assets of the borrower
PMCL
Other
2
TOTAL Pakistan Mobile Communications Limited
506
Banglalink
Syndicated Loan Facility
Average bank deposit rate + 4.25%
BDT
8,220
75
26.04.2027
None
None
Banglalink
Syndicated Loan Facility
7.00% to 12.00%
BDT
8,000
73
25.11.2028
None
None
Other
3
TOTAL Banglalink Digital Communications Ltd.
151
KaR-Tel Limited Liability Partnership
Loan from Forte Bank
17.25% - 18.50%
KZT
15,000
34
13.11.2026
None
None
TOTAL KaR-Tel Limited Liability Partnership
34
Unitel LLC
National Bank for Foreign Economic Activity
20.00% - 22.00%
UZS
200,000
16
06.11.2026
None
None
Unitel LLC
Other
58
62
None
None
TOTAL Unitel LLC.
78
Other entities
Overdrawn accounts and other
19
Total VEON consolidated
2,586