Debt Overview

The information is accurate as of 30 September 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 30,000 377 03.06.2024 None None
VEON Holdings B.V. Loan from SberBank CBR Key Rate + 2.2% RUB 37,500 471 03.06.2023 None None
VEON Holdings B.V. Loan from SberBank CBR Key Rate + 2.2% RUB 12,500 157 03.06.2023 None None
VEON Holdings B.V. Loan from Alfa Bank 7.50% RUB 30,000 376 11.03.2025 None None
VEON Holdings B.V. Loan from VTB CBR Key Rate + 1.85% RUB 30,000 376 09.07.2025 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 4.00% 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 20,000 251 18.06.2025 None None
VEON Holdings B.V. Notes 6.5% RUB 10,000 126 11.09.2025 None None
VEON Holdings B.V. Cash-pool overdrawn accounts       152      
TOTAL VEON Holdings B.V.         6,065      
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 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 21 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 17,117 103 15.06.2022 None Certain assets of the borrower
Pakistan Mobile Communications Limited Syndicated loan facility 6 months KIBOR + 0.75% PKR 33,848 204 02.09.2026 None Certain assets of the borrower
Pakistan Mobile Communications Limited Islamic Financing Facility 6 months KIBOR + 0.75% PKR 10,000 61 02.09.2026 None Certain assets of the borrower
Pakistan Mobile Communications Limited Other       15      
TOTAL Pakistan Mobile Communications Limited          514      
Banglalink Digital Communications Ltd. Syndicated Loan Facility Average bank deposit rate + 4.25% or 5.75% BDT 6,939 82 24.09.2022 None None
Banglalink Digital Communications Ltd. Syndicated Loan Facility Average bank deposit rate + 3.0% BDT 872 10 24.03.2021 None None
Other         3      
TOTAL Banglalink Digital Communications Ltd.         95      
Other entities Cash-pool overdrawn accounts2 and other       14      
Total VEON consolidated         6,959      

 

1Excluding lease liabilities

2As of September 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$165 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