Credit Investors
Debt per entity and per type1
30 June 2024
Entity
Bonds
Loans
Overdrafts and Vendor Financing
Total
VEON Holdings B.V.2
1,684
-
-
1,684
Pakistan Mobile Communications Ltd.
54
712
3
769
Banglalink Digital Communications Ltd.
-
179
4
183
Unitel LLC.
16
68
84
KaR-Tel LLP.
-
32
-
32
Others
7
15
-
22
Total
1,745
954
75
2,774
1Excluding lease liabilities and excluding long term accounts payables.
2As of 30 June 2024, the outstanding amount of VEON Holdings B.V. bonds includes an equivalent of USD 134 million of legacy bonds for which no further payments are due and that are subject to a potential exchange into new notes if eligible investors come forward.
VEON Holdings B.V. bond summary
30 June 2024
Issuer
Bonds
ISIN
Date of Issuance
Maturity date
Amount outstanding
Coupon
Coupon frequency
Bond rating
VEON Holdings B.V.
Notes due 2025
XS2824765767(144A) XS2824765098(REGS)
29. May 24
April 9, 2025
USD 465,331,000
4.0000%
Semi annual
BB-
VEON Holdings B.V.
Notes due 2025
XS2834472198(144A) XS2834471976(REGS)
29. May 24
June 18, 2025
RUB 7,228,400,000
6.3000%
Semi annual
BB-
VEON Holdings B.V.
Notes due 2027
XS2824766146(144A) XS2824764521(REGS)
29. May 24
November 25, 2027
USD 1,001,249,000
3.3750%
Semi annual
BB-
VEON consolidated debt overview1
30 June 2024
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
4.000%
USD
465
465
09.04.2025
None
None
VEON Holdings B.V.
Notes
6.300%
RUB
7,228
84
18.06.2025
None
None
VEON Holdings B.V.
Notes
3.375%
USD
1,001
1,001
25.11.2027
None
None
legacy notes, subject to potential conversion in new notes, but for which no further payments are due
VEON Holdings B.V.
Legacy notes, no payments due, subject to potential conversion
4.000%
USD
31
31
09.04.2025
VEON Holdings B.V.
Legacy notes, no payments due, subject to potential conversion
6.300%
RUB
1,811
21
18.06.2025
VEON Holdings B.V.
Legacy notes, no payments due, subject to potential conversion
3.375%
USD
81
81
25.11.2027
TOTAL VEON Holdings B.V.
1,684
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
Syndicated Loan Facility
6M KIBOR + 0.60%
PKR
40,000
144
19.04.2032
None
Certain assets of the borrower
PMCL
Syndicated Loan Facility
6M KIBOR + 0.60%
PKR
43,000
154
24.05.2034
None
Certain assets of the borrower
PMCL
Notes
3M KIBOR + 0.25%
PKR
15,000
54
24.10.2024
None
None
PMCL
Other
75
TOTAL Pakistan Mobile Communications Limited
769
Banglalink
Syndicated Loan Facility
Average bank deposit rate + 4.25%
BDT
7,590
65
26.04.2027
None
None
Banglalink
Syndicated Loan Facility
7.00% to 12.00%
BDT
7,580
65
25.11.2028
None
None
Bangalink
53
TOTAL Banglalink Digital Communications Ltd.
183
Unitel
National Bank for Foreign Economic Activity
20.00% - 22.00%
UZS
200,000
16
06.11.2026
None
None
Unitel
Huawei
4.500%
EUR
62
66
2024 - 2026
None
None
Unitel LLC
Other
2
TOTAL Unitel LLC.
84
KaR-Tel
Loan from Forte Bank
17.25% - 18.50%
KZT
15,000
32
13.11.2026
None
None
TOTAL KaR-Tel Limited Liability Partnership.
32
Other entities
Overdrawn accounts and other
22
Total VEON consolidated
2,774
1Excluding lease liabilities and excluding long term accounts payables.