The information is accurate as of 30 September 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 | 15,000 | 206 | 03.06.2023 | None | None |
| VEON Holdings B.V. | Loan from Sberbank | 7.3500% | RUB | 30,000 | 412 | 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 | 412 | 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 | 275 | 18.06.2025 | None | None |
| VEON Holdings B.V. | Loan from VTB | CBR Key Rate + 1.85% | RUB | 30,000 | 412 | 09.07.2025 | None | None |
| VEON Holdings B.V. | Notes | 6.5000% | RUB | 10,000 | 137 | 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 | 8.125% | RUB | 20,000 | 275 | 16.09.2026 | None | None |
| VEON Holdings B.V. | Notes | 3.3750% | USD | 1,250 | 1,250 | 25.11.2027 | None | None |
| TOTAL VEON Holdings B.V. | 6,765 | |||||||
| PMCL | Loan from Habib Bank Limited | 6M KIBOR + 0.35% | PKR | 3,333 | 20 | 15.06.2022 | None | Certain assets of the borrower |
| PMCL | Syndicated Loan Facility | 6M KIBOR + 0.35% | PKR | 8,558 | 50 | 15.06.2022 | None | Certain assets of the borrower |
| PMCL | Syndicated Loan Facility | 6M KIBOR | PKR | 2,424 | 14 | 15.12.2023 | None | Certain assets of the borrower |
| PMCL | Syndicated Loan Facility | 6M KIBOR | PKR | 1,508 | 9 | 15.12.2023 | None | Certain assets of the borrower |
| PMCL | Syndicated Loan Facility | 6M KIBOR + 0.55% | PKR | 33,848 | 198 | 02.09.2026 | None | Certain assets of the borrower |
| PMCL | Loan from Habib Bank Limited | 6M KIBOR + 0.55% | PKR | 14,369 | 84 | 02.09.2026 | None | Certain assets of the borrower |
| PMCL | Loan from United Bank Limited | 3M KIBOR + 0.55% | PKR | 5,000 | 29 | 18.05.2028 | None | Certain assets of the borrower |
| PMCL | Syndicated Loan Facility | 6M KIBOR + 0.55% | PKR | 15,000 | 88 | 18.05.2028 | None | Certain assets of the borrower |
| PMCL | Syndicated Loan Facility | 6M KIBOR + 0.55% | PKR | 10,000 | 59 | 05.07.2031 | None | Certain assets of the borrower |
| PMCL | Other | 6 | ||||||
| TOTAL Pakistan Mobile Communications Limited | 557 | |||||||
| PJSC Kyivstar | Loan from Alfa Bank | NBU Key Rate + 3% | UAH | 1,677 | 63 | 14.12.2023 | None | None |
| PJSC Kyivstar | Loan from OTP Bank | 10.1500% | UAH | 1,250 | 47 | 22.12.2023 | None | None |
| PJSC Kyivstar | Loan from JSC Credit Agricole Bank | NBU Key Rate + 3.5% | UAH | 1,275 | 48 | 29.02.2024 | VEON Holdings B.V. | None |
| PJSC Kyivstar | Loan from JSC CitiBank | Treasury Bill Rate + 3% | UAH | 1,350 | 51 | 15.03.2024 | VEON Holdings B.V. | None |
| PJSC Kyivstar | Loan from Raiffeisen Bank | 11.0000% | UAH | 1,400 | 53 | 26.11.2025 | None | None |
| Total Private Joint Stock Company Kyivstar | 262 | |||||||
| Banglalink | Syndicated Loan Facility | Average bank deposit rate + 4.25% | BDT | 4,546 | 53 | 24.09.2022 | None | None |
| Other | 21 | |||||||
| TOTAL Banglalink Digital Communications Ltd. | 74 | |||||||
| Other entities | Cash-pool overdrawn accounts2 and other | 63 | ||||||
| Total VEON consolidated | 7,721 | |||||||
1 Excluding lease liabilities
2 As of September 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$30 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.