Debt Overview

VEON consolidated debt overview1

31 December 2022

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. Revolving Credit Facility2 SOFR + 1.7%  USD  692 692 20.04.2023 None None
VEON Holdings B.V. Revolving Credit Facility2 SOFR + 1.7%  USD  363 363 30.05.2023 None 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. Notes 4,9500%  USD  533 533 16.06.2024 None None
VEON Holdings B.V. Notes 4,0000%  USD  1,000 1,000 09.04.2025 None None
VEON Holdings B.V. Notes 6,3000%  RUB  20,000 284 18.06.2025 None None
VEON Holdings B.V. Notes 6,5000%  RUB  10,000 143 11.09.2025 None None
VEON Holdings B.V. Notes 8,1250%  RUB  20,000  284 16.09.2026 None None
VEON Holdings B.V. Notes 3,3750%  USD  1,250 1,250 25.11.2027 None None
TOTAL VEON Holdings B.V.         5,778      
PMCL Syndicated Loan Facility 6M KIBOR + 0.55%  PKR  33,848 149 02.09.2026 None Certain assets of the borrower
PMCL Loan from Habib Bank Limited 6M KIBOR + 0.55%  PKR  14,369  63 02.09.2026 None Certain assets of the borrower
PMCL Syndicated Loan Facility 6M KIBOR + 0.55%  PKR  15,000 66 18.05.2028 None Certain assets of the borrower
PMCL Syndicated Loan Facility 3M KIBOR + 0.60%  PKR  50,000 221 05.07.2031 None Certain assets of the borrower
PMCL Syndicated Loan Facility 6M KIBOR + 0.60%  PKR  30,000 132 19.04.2032 None Certain assets of the borrower
PMCL Other       31      
TOTAL Pakistan Mobile Communications Limited       662      
PJSC Kyivstar Loan from OTP Bank 10,1500% UAH 760 21 22.12.2023 None None
PJSC Kyivstar Loan from Raiffeisen Bank 11,0000% UAH 1,400 38 26.11.2025 None None
Total Private Joint Stock Company Kyivstar       59      
Banglalink Syndicated Loan Facility Average bank deposit rate + 4.25%  BDT  11,370 110 26.04.2027 None None
Other         14      
TOTAL Banglalink Digital Communications Ltd.       124      
Other entities Cash-pool overdrawn accounts3 and other       47      
TOTAL VEON consolidated           6,670      

1 Excluding lease liabilities

2 Outstanding amounts under RCF can be rolled over till final maturity date of RCF in 2024 and 2025

3 As of Dec 31, 2022, < USD 1m were overdrawn under the cash pool on some accounts, while overall balance remained positive

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