Debt Overview

The information is accurate as of the 30 June 2019

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. Loan from SberBank 10% RUB 95,000 1,506 19.05.2022 None None
VEON Holdings B.V. Loan from Alfa Bank 8.8% RUB 17,500 277 30.08.2022 None None
VEON Holdings B.V. Loan from VTB 8.75% RUB 30,000 476 30.08.2022 None None
VEON Holdings B.V. Notes 3.95% USD 600 600 16.06.2021 None None
VEON Holdings B.V. Notes 7.5043% USD 417 417 01.03.2022 PJSC VimpelCom None
VEON Holdings B.V. Notes 5.95% USD 529 529 13.02.2023 None None
VEON Holdings B.V. Notes 4.95% USD 533 533 17.06.2024 None None
VEON Holdings B.V. RCF utilisation 4.4106% USD 310 310 15.07.20192 None None
VEON Holdings B.V. RCF utilisation 4.3829% USD 300 300 22.07.20192 None None
VEON Holdings B.V. RCF utilisation 4.4024% USD 50 50 29.07.20192 None None
VEON Holdings B.V. Cash-pool overdrawn accounts3       45      
TOTAL VEON Holdings B.V.         5,043      
GTH Finance B.V. Notes  6.25% USD 500 500 26.04.2020 VEON Holdings B.V. None
GTH Finance B.V. Notes  7.25% USD 700 700 26.04.2023 VEON Holdings B.V. None
TOTAL GTH Finance B.V.       1,200        
PJSC VimpelCom Loan from VIP Finance Ireland (funded by the issuance of loan participation notes by VIP Finance Ireland) 7.748% USD 262 262 02.02.2021 None None
PJSC VimpelCom Other PJSC VimpelCom       17      
TOTAL PJSC VimpelCom         279      
Pakistan Mobile Communications Limited Sukuk Certificates 3 months KIBOR + 0.88% PKR 1,150 7 20.12.2019 None Certain assets of the borrower
Pakistan Mobile Communications Limited Loan from Habib Bank Limited 6 months KIBOR + 0.90% PKR 2,000 13 23.12.2020 None Certain assets of the borrower
Pakistan Mobile Communications Limited Loan from ING Bank N.V. 6 month LIBOR plus 1.9% USD 106 106 31.12.2020 EKN Certain assets of the borrower
Pakistan Mobile Communications Limited Loan from MCB Bank Limited 6 months KIBOR + 0.8% PKR 8,000 50 23.12.2020 None Certain assets of the borrower
Pakistan Mobile Communications Limited Loan from Habib Bank Limited 6 months KIBOR + 0.35% PKR 5,463 34 29.06.2022 None Certain assets of the borrower
Pakistan Mobile Communications Limited Syndicated loan facility 6 months KIBOR PKR 4,364 27 31.12.2023 None Certain assets of the borrower
Pakistan Mobile Communications Limited Syndicated loan facility 6 months KIBOR PKR 2,892 18 31.12.2023 None Certain assets of the borrower
Pakistan Mobile Communications Limited Syndicated loan via MCB Bank Limited 6 months KIBOR + 0.35% PKR 17,000 107 29.06.2022 None Certain assets of the borrower
Pakistan Mobile Communications Limited Other Pakistan Mobile Communications Limited       29      
TOTAL Pakistan Mobile Communications Limited          391      
Banglalink Digital Communications Ltd. Syndicated loan facility 3 months LIBOR +2% USD 300 300 01.05.2020 VEON Holding B.V. None
Banglalink Digital Communications Ltd. Syndicated Loan Facility Average bank deposit rate + 4.25% BDT 8,614 102 24.12.2022 None None
Banglalink Digital Communications Ltd. Syndicated Loan Facility Average bank deposit rate + 3.0% BDT 2,442 29 24.12.2020 None None
TOTAL Banglalink Digital Communications Ltd.         431      
Optimum Telecom Algérie S.p.A. Syndicated Loan Facility Bank of Algeria Re-Discount Rate + 2.0% (floor 5.5%) DZD 7,500 63 30.12.2019 Omnium Telecom Algérie S.p.A. Certain assets of the borrower
TOTAL Optimum Telecom Algérie S.p.A.         63      
Other entities Cash-pool overdrawn accounts3       12      
Total VEON consolidated         7,419      

 

1Excluding lease liabilities

2 Revolving Credit Facility (RCF) utilisations can be reborrowed (rolled over) until the facility final maturity date, i.e. February 16, 2022.

3 As of June 30, 2019, some bank accounts forming part of a cash pooling program and being an integral part of VEON’s cash management remained overdrawn by US$57 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.

 

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