Credit Investors
Entity
Bonds
Loans
Overdrafts and Vendor Financing
Total
VEON MidCo B.V.2
1,794
210
-
2,004
Kyivstar Holdings B.V.2
26
-
-
26
Jazzworld Pakistan Limited
-
779
-
779
Banglalink Digital Communications Ltd.
-
249
21
270
KaR-Tel Limited Liability Partnership
-
128
86
214
Unitel LLC
-
67
49
116
Others
7
6
7
20
Total
1,827
1,439
163
3,429
1Excluding lease liabilities and long term accounts payables.
2As of 30 June 2026, the outstanding amount of VEON MidCo B.V. and Kyivstar Holdings B.V. bonds includes an equivalent of USD 96 million of legacy bonds for which no further payments are due and that are subject to a potential exchange into new notes or a cash settlement, if eligible investors come forward.
Issuer
Bond
ISIN
Date of Issuance
Maturity date
Amount outstanding
Coupon
Coupon frequency
S&P rating
Fitch rating
VEON MidCo B.V.
Notes due 2027
XS2824766146(144A) XS2824764521(REGS)
29-May-24
25-Nov-27
USD 124.898.000
3.3750%
Semi annual
BB-
BB-
VEON MidCo B.V.
Notes due 2029
XS3088629178(144A) XS3088629335(REGS)
15-Jul-25
15-Jul-29
USD 200.000.000
9.0000%
Semi annual
BB-
BB-
VEON MidCo B.V.
Notes due 2031
XS3372847957(REGS) US92337DAA00(144A)
01-Jun-26
01-Jun-31
USD 700.000.000
6.9000%
Semi annual
BB-
BB-
VEON MidCo B.V.
Notes due 2033
XS3372848419(REGS) US92337DAB82(144A)
01-Jun-26
01-Jun-33
USD 700.000.000
7.4500%
Semi annual
BB-
BB-
VEON consolidated debt overview1
30 June 2026
Entity
Type of debt/ original lenders
Interest rate
Debt currency
Outstanding debt (mln)
Outstanding debt (USD mln)
Maturity date
Guarantor
Security
VEON MidCo B.V.
Syndicated Loan Facility
3M Term SOFR + 4.25%
USD
210
210
03.29.2027
None
None
VEON MidCo B.V.
Notes
3.3750%
USD
125
125
11.25.2027
None
None
VEON MidCo B.V.
Notes
9.0000%
USD
200
200
07.15.2029
None
None
VEON MidCo B.V.
Notes
6.9500%
USD
700
700
06.01.2031
VIP-Ams
None
VEON MidCo B.V.
Notes
7.4500%
USD
700
700
06.01.2033
VIP-Ams
None
legacy notes, subject to potential conversion in new notes, but for which no further payments are due
VEON MidCo B.V.
Legacy notes, no payments due, subject to potential conversion
3.3750%
USD
69
69
11.25.2027
None
None
TOTAL VEON Midco B.V.
2,004
Jazzworld Pakistan Limited
Syndicated Loan Facility
6M KIBOR + 0.60%
PKR
75,000
270
05.24.2034
None
Certain assets of the borrower
Jazzworld Pakistan Limited
Syndicated Loan Facility
6M KIBOR + 0.60%
PKR
40,000
144
04.19.2032
None
Certain assets of the borrower
Jazzworld Pakistan Limited
Syndicated Loan Facility
3M KIBOR + 0.60%
PKR
28,750
103
07.05.2031
None
Certain assets of the borrower
Jazzworld Pakistan Limited
Loan from Local banks
6M KIBOR + 0.55%
PKR
15,000
54
05.15.2034
None
Certain assets of the borrower
Jazzworld Pakistan Limited
Loan from Faysal Bank Limited
6M KIBOR + 0.60%
PKR
15,000
54
05.18.2035
None
Certain assets of the borrower
Jazzworld Pakistan Limited
Loan from Meezan Bank Limited
6M KIBOR + 0.60%
PKR
13,500
49
05.22.2035
None
Certain assets of the borrower
Jazzworld Pakistan Limited
Syndicated Loan Facility
6M KIBOR + 0.55%
PKR
7,500
27
05.18.2028
None
Certain assets of the borrower
Jazzworld Pakistan Limited
Loan from Habib Bank Limited
6M KIBOR + 0.60%
PKR
5,000
18
04.30.2035
None
Certain assets of the borrower
Jazzworld Pakistan Limited
Loan from Bank Alfalah Limited
6M KIBOR + 0.60%
PKR
5,000
18
04.30.2035
None
Certain assets of the borrower
Jazzworld Pakistan Limited
Syndicated Loan Facility
6M KIBOR + 0.55%
PKR
4,231
15
09.02.2026
None
Certain assets of the borrower
Jazzworld Pakistan Limited
Loan from Askari Bank Limited
6M KIBOR + 0.60%
PKR
3,500
13
05.29.2035
None
Certain assets of the borrower
Jazzworld Pakistan Limited
Other
15
TOTAL Jazzworld Pakistan Limited2
779
Kyivstar Holdings B.V.
Legacy notes, no payments due, subject to potential conversion
0.0000%
USD
12
12
04.09.2027
None
None
Kyivstar Holdings B.V.2
Legacy notes, no payments due, subject to potential conversion
0.0000%
RUB
1,139
15
06.18.2027
None
None
TOTAL Kyivstar Holdings B.V.
27
Banglalink
Syndicated Loan Facility
Average bank deposit rate + 4.25%
BDT
2,550
21
04.26.2027
None
None
Banglalink
Syndicated Loan Facility
7.00% to 12.00%
BDT
4,220
34
11.25.2028
None
None
Other
Short Term Facilities and Others
215
TOTAL Banglalink Digital Communications Ltd.
270
KaR-Tel Limited Liability Partnership
Loan from Forte Bank
17.2500% - 20.5000%
KZT
24,126
50
29.01.2030
None
None
KaR-Tel Limited Liability Partnership
Loan from Forte Bank
7.8000%
CNY
108
16
14.04.2029
None
None
KaR-Tel Limited Liability Partnership
Loan from NurBank
15.5000% - 16.5000%
KZT
15,123
31
28.09.2029
None
None
KaR-Tel Limited Liability Partnership
Loan from Bank RBK JSC
20.5000%
KZT
15,000
31
24.10.2030
None
None
KaR-Tel Limited Liability Partnership
Other
86
TOTAL KaR-Tel Limited Liability Partnership.
214
Unitel LLC
JSCB “TBC Bank”
22.0000% - 23.0000%
UZS
360,000
30
12.20.2030
None
None
Unitel LLC
Infinbank
21,4900%
UZS
188,871
16
12.29.2029
None
None
Unitel LLC
AKIB Ipoteka Bank
22.0000%
UZS
200,000
17
03.12.2031
None
None
Unitel LLC
National Bank for Foreign Economic Activity
22.000%
UZS
32,901
3
17.04.2028
None
None
Unitel LLC
Hamkorbank AKB
23.0000%
UZS
30,590
3
02.10.2028
None
None
Unitel LLC
Other
48
TOTAL Unitel LLC.
116
Other entities
Overdrawn accounts and other
20
Total VEON consolidated
3,429
1Excluding lease liabilities and long term accounts payables
2Effective April 6th 2026, Pakistan Mobile Communications Ltd legally changed its name to JazzWorld Pakistan Limited