Debt Overview

The information is accurate as of 31 December 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 7.3500%  RUB           30,000                   406 03.06.2024 None None
VEON Holdings B.V. Loan from Sberbank CBR Key Rate + 2.2%  RUB           37,500                   508 03.06.2023 None None
VEON Holdings B.V. Loan from Sberbank CBR Key Rate + 2.2%  RUB           12,500                   169 03.06.2023 None None
VEON Holdings B.V. Loan from Alfa Bank 7.5000%  RUB           30,000                   406 11.03.2025 None None
VEON Holdings B.V. Loan from VTB CBR Key Rate + 1.85%  RUB           30,000                   406 09.07.2025 None None
VEON Holdings B.V. Notes 3.3750%  USD             1,250                 1,250 25.11.2027 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 4.9500%  USD               533                   533 17.06.2024 None None
VEON Holdings B.V. Notes 4.0000%  USD             1,000                 1,000 09.04.2025 None None
VEON Holdings B.V. Notes 7.2500%  USD               700                   700 26.04.2023 None None
VEON Holdings B.V. Notes 6.3000%  RUB           20,000                   271 18.06.2025 None None
VEON Holdings B.V. Notes 6.5000%  RUB           10,000                   135 11.09.2025 None None
VEON Holdings B.V. Cash-pool overdrawn accounts                             7      
TOTAL VEON Holdings B.V.                      6,737      
PJSC VimpelCom Loan from VIP Finance Ireland (funded by the issuance of loan participation notes by VIP Finance Ireland) 7.7480%  USD               262                   262 02.02.2021 None None
PJSC VimpelCom Other PJSC VimpelCom                             9      
TOTAL PJSC VimpelCom                         271      
PMCL Loan from Habib Bank Limited 6M KIBOR + 0.35%  PKR             5,000                     31 15.06.2022 None Certain assets of the borrower
PMCL Syndicated Loan Facility 6M KIBOR  PKR             2,909                     18 15.12.2023 None Certain assets of the borrower
PMCL Syndicated Loan Facility 6M KIBOR  PKR             1,810                     11 15.12.2023 None Certain assets of the borrower
PMCL Syndicated Loan Facility 6M KIBOR + 0.35%  PKR           12,837                     80 15.06.2022 None Certain assets of the borrower
PMCL Syndicated Loan Facility 6M KIBOR + 0.55%  PKR           33,848                   211 02.09.2026 None Certain assets of the borrower
PMCL Loan from Habib Bank Limited 6M KIBOR + 0.55%  PKR           10,000                     63 02.09.2026 None Certain assets of the borrower
PMCL Other                           11      
TOTAL Pakistan Mobile Communications Limited                         425      
Banglalink Syndicated Loan Facility Average bank deposit rate + 4.25%  BDT             6,341                     75 24.09.2022 None None
Banglalink Syndicated Loan Facility Average bank deposit rate + 3.0%  BDT               436                       5 24.03.2021 None None
Other                               8      
TOTAL Banglalink Digital Communications Ltd.                           88      
Private Joint Stock Company Kyivstar Loan from Alfa Bank NBU Key rate + 3.00% UAH            1,480                     52 14.12.2023 None None
Private Joint Stock Company Kyivstar Loan from OTP Bank 10.1500% UAH            1,000                     35 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 Loan from Alfa Bank NBU Key rate + 3.00% UAH              120                       5 08.02.2021 None None
Total Private Joint Stock Company Kyivstar                         142      
Other entities Cash-pool overdrawn accounts2 and other                           15      
Total VEON consolidated                      7,678      

 

1 Excluding lease liabilities

2 As of December 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$8.8 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.

 

 

Download the Consolidated Debt Overview