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.