Debt Overview

The information is accurate as of 30 June 2020

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 7.35% RUB 30,000 429 03.06.2024 None None
VEON Holdings B.V. Loan from SberBank CBR Key Rate + 2.4% RUB 20,000 286 03.06.2022 None None
VEON Holdings B.V. Loan from SberBank CBR Key Rate + 2.2% RUB 37,500 536 03.06.2023 None None
VEON Holdings B.V. Loan from Alfa Bank 7.50% RUB 30,000 429 11.03.2025 None None
VEON Holdings B.V. Loan from VTB 8.75% RUB 30,000 429 30.06.2022 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 4.00% USD 1,000 1,000 09.04.2025 None None
VEON Holdings B.V. Notes 7.25% USD 700 700 26.04.2023 None None
VEON Holdings B.V. Notes 6.30% RUB 20,000 286 18.06.2025 None None
VEON Holdings B.V. RCF drawdown 2.17875% USD 300 300 06.07.2020* None None
VEON Holdings B.V. RCF drawdown 2.19% USD 200 200 22.07.2020* None None
TOTAL VEON Holdings B.V.         6,674      
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       10      
TOTAL PJSC VimpelCom          272      
Pakistan Mobile Communications Limited Loan from Habib Bank Limited 6 months KIBOR + 0.90% PKR 667 4 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 37 37 15.12.2020 EKN Certain assets of the borrower
Pakistan Mobile Communications Limited Loan from MCB Bank Limited 6 months KIBOR + 0.8% PKR 2,667 16 15.12.2020 None Certain assets of the borrower
Pakistan Mobile Communications Limited Loan from Habib Bank Limited 6 months KIBOR + 0.35% PKR 6,667 40 15.06.2022 None Certain assets of the borrower
Pakistan Mobile Communications Limited Syndicated loan facility 6 months KIBOR PKR 3,394 20 15.12.2023 None Certain assets of the borrower
Pakistan Mobile Communications Limited Syndicated loan facility 6 months KIBOR PKR 2,111 13 15.12.2023 None Certain assets of the borrower
Pakistan Mobile Communications Limited Syndicated loan facility 6 months KIBOR + 0.35% PKR 17,117 102 15.06.2022 None Certain assets of the borrower
Pakistan Mobile Communications Limited Syndicated loan facility 6 months KIBOR + 0.75% PKR 33,848 201 02.09.2026 None Certain assets of the borrower
Pakistan Mobile Communications Limited Islamic Financing Facility 6 months KIBOR + 0.75% PKR 10,000 60 02.09.2026 None Certain assets of the borrower
Pakistan Mobile Communications Limited Other Pakistan Mobile Communications Limited       15      
TOTAL Pakistan Mobile Communications Limited          508      
Banglalink Digital Communications Ltd. Syndicated Loan Facility Average bank deposit rate + 4.25% or 5.75% BDT 6,939 82 24.06.2022 None None
Banglalink Digital Communications Ltd. Syndicated Loan Facility Average bank deposit rate + 3.0% BDT 872 10 24.12.2020 None None
TOTAL Banglalink Digital Communications Ltd.         92      
Other entities Cash-pool overdrawn accounts2 and other       4      
Total VEON consolidated         7,550      

 

1Excluding lease liabilities

2As of June 30, 2020, some bank accounts forming part of a cash pooling program and being an integral part of VEON’s cash management remained overdrawn by US$3 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.

3Revolving Credit Facility drawdowns may be rolled over until the final maturity of the facility in 2022.

 

Download the Consolidated Debt Overview