Debt Overview

The information is accurate as of 31 March 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. Loan from Sberbank CBR Key Rate + 2.2%  RUB  12,500 166 07.04.2021 None None
VEON Holdings B.V. Notes 7.5043%  USD  417 417 01.03.2022 PJSC VimpelCom None
VEON Holdings B.V. Notes 5.9500%  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  37,500 496 03.06.2023 None None
VEON Holdings B.V. Loan from Sberbank 7.3500%  RUB  30,000 396 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  30,000 396 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  20,000 264 18.06.2025 None None
VEON Holdings B.V. Loan from VTB CBR Key Rate + 1.85%  RUB  30,000 396 09.07.2025 None None
VEON Holdings B.V. Notes 6.5000%  RUB  10,000 132 11.09.2025 None None
VEON Holdings B.V. Loan from Alfa Bank CBR Key Rate + 2.1%  RUB  15,000 198 26.03.2026 None None
VEON Holdings B.V. Notes 3.3750% USD 1,250 1,250 25.11.2027 None None
TOTAL VEON Holdings B.V.       6,873      
PMCL Loan from Habib Bank Limited 6M KIBOR + 0.35%  PKR  5,000 33 15.06.2022 None Certain assets of the borrower
PMCL Syndicated Loan Facility 6M KIBOR + 0.35%  PKR  12,837 84 15.06.2022 None Certain assets of the borrower
PMCL Syndicated Loan Facility 6M KIBOR  PKR  2,909 19 15.12.2023 None Certain assets of the borrower
PMCL Syndicated Loan Facility 6M KIBOR  PKR  1,810 12 15.12.2023 None Certain assets of the borrower
PMCL Syndicated Loan Facility 6M KIBOR + 0.55%  PKR  33,848 222 02.09.2026 None Certain assets of the borrower
PMCL Loan from Habib Bank Limited 6M KIBOR + 0.55%  PKR  10,000 65 02.09.2026 None Certain assets of the borrower
PMCL Other       11      
TOTAL Pakistan Mobile Communications Limited       446      
Banglalink Syndicated Loan Facility Average bank deposit rate + 4.25%  BDT  5,742 67 24.09.2022 None None
Other         8      
TOTAL Banglalink Digital Communications Ltd.       75      
                 
Private Joint Stock Company Kyivstar Loan from Alfa Bank NBU Key Rate + 3% UAH 1,480 53 14.12.2023 None None
Private Joint Stock Company Kyivstar Loan from OTP Bank 10.1500% UAH 1,000 36 22.12.2023 None None
Private Joint Stock Company Kyivstar Loan from Raiffeisen Bank 11.0000% UAH 1,400 50 26.11.2025 None None
Private Joint Stock Company Kyivstar Other Loan       9      
Total Private Joint Stock Company Kyivstar       148      
Other entities Cash-pool overdrawn accounts2 and other       46      
Total VEON consolidated         7,588      

 

1 Excluding lease liabilities

2 As of March 31, 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$13 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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