The information is accurate as of 31 December 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 | 1,535 | 19.05.2022 | None | None |
| VEON Holdings B.V. | Loan from Alfa Bank | 8.8% | RUB | 17,500 | 283 | 30.08.2022 | None | None |
| VEON Holdings B.V. | Loan from VTB | 8.75% | RUB | 30,000 | 485 | 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. | Notes | 4% | USD | 700 | 700 | 09.04.2025 | None | None |
| VEON Holdings B.V. | Cash-pool overdrawn accounts | 1 | ||||||
| TOTAL VEON Holdings B.V. | 5,083 | |||||||
| 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 | Loan from Habib Bank Limited | 6 months KIBOR + 0.90% | PKR | 1,333 | 9 | 15.12.2020 | None | Certain assets of the borrower |
| Pakistan Mobile Communications Limited | Loan from ING Bank N.V. | 6 month LIBOR + 1.9% | USD | 75 | 75 | 15.12.2020 | EKN | Certain assets of the borrower |
| Pakistan Mobile Communications Limited | Loan from MCB Bank Limited | 6 months KIBOR + 0.8% | PKR | 5,333 | 34 | 15.12.2020 | None | Certain assets of the borrower |
| Pakistan Mobile Communications Limited | Loan from Habib Bank Limited | 6 months KIBOR + 0.35% | PKR | 8,333 | 54 | 15.06.2022 | None | Certain assets of the borrower |
| Pakistan Mobile Communications Limited | Syndicated loan facility | 6 months KIBOR | PKR | 3,879 | 25 | 15.12.2023 | None | Certain assets of the borrower |
| Pakistan Mobile Communications Limited | Syndicated loan facility | 6 months KIBOR | PKR | 2,413 | 16 | 15.12.2023 | None | Certain assets of the borrower |
| Pakistan Mobile Communications Limited | Syndicated loan facility | 6 months KIBOR + 0.35% | PKR | 21,396 | 138 | 15.06.2022 | None | Certain assets of the borrower |
| Pakistan Mobile Communications Limited | Syndicated loan facility | 6 months KIBOR + 0.75% | PKR | 15,885 | 102 | 02.09.2026 | None | Certain assets of the borrower |
| Pakistan Mobile Communications Limited | Islamic Financing Facility | 6 months KIBOR + 0.75% | PKR | 2,963 | 19 | 02.09.2026 | None | Certain assets of the borrower |
| Pakistan Mobile Communications Limited | Other Pakistan Mobile Communications Limited | 22 | ||||||
| TOTAL Pakistan Mobile Communications Limited | 494 | |||||||
| Banglalink Digital Communications Ltd. | Syndicated loan facility | 3 months LIBOR +2% | USD | 300 | 300 | 25.04.2020 | VEON Holding B.V. | None |
| Banglalink Digital Communications Ltd. | Syndicated Loan Facility | Average bank deposit rate + 4.25% | BDT | 8,135 | 96 | 24.12.2022 | None | None |
| Banglalink Digital Communications Ltd. | Syndicated Loan Facility | Average bank deposit rate + 3.0% | BDT | 1,744 | 20 | 24.12.2020 | None | None |
| TOTAL Banglalink Digital Communications Ltd. | 416 | |||||||
| Other entities | Cash-pool overdrawn accounts2 and other | 47 | ||||||
| Total VEON consolidated | 7,519 |
1Excluding lease liabilities
2 As of December 31, 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$46 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.