Credit Investors
The information is accurate as of 31 December 2023
Debt per entity and per type*
(USD, millions)
Entity
Bonds
Loans
Cash-pool overdrafts and others
Total
VEON Holdings B.V.
1.803
1.055
-
2.858
Pakistan Mobile Communications Limited
-
519
21
540
Banglalink Digital Communications Ltd.
-
140
5
145
Others
7
45
36
88
Total
1.810
1.759
62
3.631
*Excluding lease liabilities
The information is accurate as of 31 December 2023
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
Not Rated
VEON Holdings B.V.
Notes due 2025
XS2184900269 (144A) XS2184900186 (REGS)
June 18, 2020
June 18, 2025
RUB 20,000,000,000
RUB 9,168,800,000
6.3000%
Semi annual
Not Rated
VEON Holdings B.V.
Notes due 2025
XS2226712995 XS2226716392
September 11, 2020
September 11, 2025
RUB 10,000,000,000
RUB 3,273,900,000
6.5000%
Semi annual
Not Rated
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
Not Rated
VEON Holdings B.V.
Notes due 2027
US91823N2A05 XS2252958751
November 25, 2020
November 25, 2027
USD 1,250,000,000
USD 1,092,635,000
3.3750%
Semi annual
Not Rated
The information is accurate as of 31 December 2023
VEON consolidated debt overview.*
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.
Revolving Credit Facility**
SOFR + 1.5%
USD
805
805
09.03.2025
None
None
VEON Holdings B.V.
Revolving Credit Facility**
SOFR + 1.5%
USD
250
250
09.03.2024
None
None
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
102
18.06.2025
None
None
VEON Holdings B.V.
Notes
6.5000%
RUB
3.274
37
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.
2.858
PMCL
Syndicated Loan Facility
6M KIBOR + 0.55%
PKR
25.386
90
02.09.2026
None
Certain assets of the borrower
PMCL
Loan from Habib Bank Limited
6M KIBOR + 0.55%
PKR
10.777
38
02.09.2026
None
Certain assets of the borrower
PMCL
Syndicated Loan Facility
6M KIBOR + 0.55%
PKR
15.000
53
18.05.2028
None
Certain assets of the borrower
PMCL
Syndicated Loan Facility
3M KIBOR + 0.60%
PKR
50.000
178
05.07.2031
None
Certain assets of the borrower
PMCL
Syndicated Loan Facility
6M KIBOR + 0.60%
PKR
40.000
142
19.04.2032
None
Certain assets of the borrower
PMCL
Other
39
TOTAL Pakistan Mobile Communications Limited
540
Banglalink
Syndicated Loan Facility
Average bank deposit rate + 4.25%
BDT
8.850
81
26.04.2027
None
None
Banglalink
Syndicated Loan Facility
7% to 12%
BDT
5.000
46
25.11.2028
None
None
Other
18
TOTAL Banglalink Digital Communications Ltd.
145
KaR-Tel Limited Liability Partnership
Loan from Forte Bank
17.75% - 18.5%
BDT
9.800
22
09.06.2026 - 13.11.2026
None
None
TOTAL KaR-Tel Limited Liability Partnership
22
Unitel LLC
National Bank for Foreign Economic Activity of the Republic of Uzbekistan
20,000%
UZS
150.000
12
10.10.2025
None
None
Unitel LLC
Other
35
None
None
TOTAL Unitel LLC.
47
Other entities
Overdrawn accounts and other
19
Total VEON consolidated
3.631