Issuer

Bond

ISIN

Date of Issuance

Maturity date

Outstanding principal

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-

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.

Notes

3.3750%

USD

125

125

11.25.2027

None

None

VEON MidCo B.V.

Notes

9.0000%

USD

200

200

07.15.2029

VEON Amsterdam B.V.

None

VEON MidCo B.V.

Notes

6.9500%

USD

700

700

06.01.2031

VEON Amsterdam B.V.

None

VEON MidCo B.V.

Notes

7.4500%

USD

700

700

06.01.2033

VEON Amsterdam B.V.

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.

1,794

Jazzworld Pakistan Limited

Syndicated Loan Facility

6M KIBOR + 0.60%

PKR

75,000

271

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

27,381

99

07.05.2031

None

Certain assets of the borrower

Jazzworld Pakistan Limited

Loan from Local banks

6M KIBOR + 0.60%

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

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

Loan from United Bank Limited

3M KIBOR + 0.55%

PKR

2,188

8

05.18.2028

None

Certain assets of the borrower

TOTAL Jazzworld Pakistan Limited²

755

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.

Legacy notes, no payments due, subject to potential conversion

0.0000%

RUB

1,139

13

06.18.2027

None

None

TOTAL Kyivstar Holdings B.V.

25

Banglalink

Syndicated Loan Facility

Average bank deposit rate + 4.25%

BDT

1,920

16

04.26.2027

None

None

Banglalink

Syndicated Loan Facility

7.00% to 12.00%

BDT

3,800

31

11.25.2028

None

None

Other

Short Term Facilities and Others

215

TOTAL Banglalink Digital Communications Ltd.

261

KaR-Tel Limited Liability Partnership

Loan from Forte Bank

17.2500% - 20.5000%

KZT

21,674

49

01.29.2030

None

None

KaR-Tel Limited Liability Partnership

Loan from Forte Bank

7.8000%

CNY

108

16

04.14.2029

None

None

KaR-Tel Limited Liability Partnership

Loan from NurBank

15.5000% - 16.5000%

KZT

13,070

30

09.28.2029

None

None

KaR-Tel Limited Liability Partnership

Loan from Bank RBK JSC

20.5000%

KZT

15,000

34

10.24.2030

None

None

KaR-Tel Limited Liability Partnership

Other

75

TOTAL KaR-Tel Limited Liability Partnership.

204

Unitel LLC

JSCB “TBC Bank”

20.6000%

UZS

294,000

25

12.20.2030

None

None

Unitel LLC

Infinbank

21,4900%

UZS

188,871

16

12.29.2029

None

None

Unitel LLC

AKIB Ipoteka Bank

21.000 - 22.0000%

UZS

219,000

19

08.05.2031

None

None

Unitel LLC

Other

48

TOTAL Unitel LLC.

108

Other entities

Overdrawn accounts and other

24

Total VEON consolidated

3,171