Debt Overview

The information is accurate as of 30 June 2021

VEON consolidated debt overview1

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 7.5043%  USD  417 417 01.03.2022 PJSC VimpelCom None
VEON Holdings B.V. Notes 5.9500%  USD  529 529 13.02.2023 None None
VEON Holdings B.V. Notes 7.2500%  USD  700 700 26.04.2023 None None
VEON Holdings B.V. Loan from Sberbank CBR Key Rate + 2.2%  RUB  35,000 483 03.06.2023 None None
VEON Holdings B.V. Loan from Sberbank 7.3500%  RUB  30,000 415 03.06.2024 None None
VEON Holdings B.V. Notes 4.9500%  USD  533 533 17.06.2024 None None
VEON Holdings B.V. Loan from Alfa Bank 7.5000%  RUB  30,000 415 11.03.2025 None None
VEON Holdings B.V. Notes 4.0000%  USD  1,000 1,000 09.04.2025 None None
VEON Holdings B.V. Notes 6.3000%  RUB  20,000 276 18.06.2025 None None
VEON Holdings B.V. Loan from VTB CBR Key Rate + 1.85%  RUB  30,000 415 09.07.2025 None None
VEON Holdings B.V. Notes 6.5000%  RUB  10,000 138 11.09.2025 None None
VEON Holdings B.V. Loan from Alfa Bank CBR Key Rate + 2.1%  RUB  15,000 207 26.03.2026 None None
VEON Holdings B.V. Notes 3.3750% USD 1,250 1,250 25.11.2027 None None
TOTAL VEON Holdings B.V.       6,778      
PMCL Loan from Habib Bank Limited 6M KIBOR + 0.35%  PKR  3,333 21 15.06.2022 None Certain assets of the borrower
PMCL Syndicated Loan Facility 6M KIBOR + 0.35%  PKR  8,558 54 15.06.2022 None Certain assets of the borrower
PMCL Syndicated Loan Facility 6M KIBOR  PKR  2,424 15 15.12.2023 None Certain assets of the borrower
PMCL Syndicated Loan Facility 6M KIBOR  PKR  1,508 10 15.12.2023 None Certain assets of the borrower
PMCL Syndicated Loan Facility 6M KIBOR + 0.55%  PKR  33,848 215 02.09.2026 None Certain assets of the borrower
PMCL Loan from Habib Bank Limited 6M KIBOR + 0.55%  PKR  14,369 91 02.09.2026 None Certain assets of the borrower
PMCL Loan from United Bank Limited 3M KIBOR + 0.55%  PKR  4,500 28 18.05.2028 None Certain assets of the borrower
PMCL Syndicated Loan Facility 6M KIBOR + 0.55%  PKR  13,500 86 18.05.2028 None Certain assets of the borrower
PMCL Other       28      
TOTAL Pakistan Mobile Communications Limited       548      
Banglalink Syndicated Loan Facility Average bank deposit rate + 4.25%  BDT  5,144 61 24.09.2022 None None
Other         20      
TOTAL Banglalink Digital Communications Ltd.       81      
                 
Private Joint Stock Company Kyivstar Loan from Alfa Bank NBU Key Rate + 3% UAH 1,580 58 14.12.2023 None None
Private Joint Stock Company Kyivstar Loan from OTP Bank 10.1500% UAH 1,000 37 22.12.2023 None None
Private Joint Stock Company Kyivstar Loan from PJSC CitiBank TBILL Rate + 3% UAH 1,350 50 15.03.2024 VEON Holdings B.V. None
Private Joint Stock Company Kyivstar Loan from Raiffeisen Bank 11.0000% UAH 1,400 52 26.11.2025 None None
Private Joint Stock Company Kyivstar Other Loan       9      
Total Private Joint Stock Company Kyivstar       205      
Other entities Cash-pool overdrawn accounts2 and other       46      
Total VEON consolidated         7,658      

 

1 Excluding lease liabilities

2 As of June 30, 2021, some bank accounts forming part of a cash pooling program and being an integral part of VEON’s cash management remained overdrawn by US$13 million. Even though the total balance of the cash pool remained positive, VEON has no legally enforceable right to set-off and therefore the overdrawn accounts are presented as financial liabilities and form part of our debt.

 

 

Download the Consolidated Debt Overview