Debt Overview

The information is accurate as of 31 March 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 10% RUB 87,500 1,126 19.05.2022 None None
VEON Holdings B.V. Loan from Alfa Bank 7.5% RUB 30,000 386 13.03.2025 None None
VEON Holdings B.V. Loan from VTB 8.75% RUB 30,000 386 13.03.2025 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 1,000 1,000 09.04.2025 None None
VEON Holdings B.V. RCF drawdown 3.51% USD 300 300 03.04.20203 None None
VEON Holdings B.V. RCF drawdown 2.75% USD 300 300 03.04.20203 None None
VEON Holdings B.V. Cash-pool overdrawn accounts2       30      
TOTAL VEON Holdings B.V.         5,607      
GTH Finance B.V. Notes  7.25% USD 700 700 26.04.2023 VEON Holdings B.V. None
TOTAL GTH Finance B.V.          700      
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       9      
TOTAL PJSC VimpelCom         271      
Pakistan Mobile Communications Limited Loan from Habib Bank Limited 6 months KIBOR + 0.90% PKR 1,333 8 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 32 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 50 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 15 15.12.2023 None Certain assets of the borrower
Pakistan Mobile Communications Limited Syndicated loan facility 6 months KIBOR + 0.35% PKR 21,396 129 15.06.2022 None Certain assets of the borrower
Pakistan Mobile Communications Limited Syndicated loan facility 6 months KIBOR + 0.75% PKR 15,885 95 02.09.2026 None Certain assets of the borrower
Pakistan Mobile Communications Limited Islamic Financing Facility 6 months KIBOR + 0.75% PKR 2,963 18 02.09.2026 None Certain assets of the borrower
Pakistan Mobile Communications Limited Other Pakistan Mobile Communications Limited       20      
TOTAL Pakistan Mobile Communications Limited          465      
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 7,537 89 24.12.2022 None None
Banglalink Digital Communications Ltd. Syndicated Loan Facility Average bank deposit rate + 3.0% BDT 1,308 15 24.12.2020 None None
TOTAL Banglalink Digital Communications Ltd.         404      
Other entities Cash-pool overdrawn accounts2 and other       69      
Total VEON consolidated         7,516      

 

1Excluding lease liabilities

2As of March 31, 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$97 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