The information is accurate as of 31 March 2022

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.	Revolving Credit Facility2	SOFR + 1.7%	USD	430	430	31.05.2022	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	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	6.3000%	RUB	20,000	238	18.06.2025	None	None
VEON Holdings B.V.	Notes	6.5000%	RUB	10,000	118	11.09.2025	None	None
VEON Holdings B.V.	Notes	8.1250%	RUB	20,000	238	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.					5,036
VEON Finance Ireland DAC	Loan from Sberbank	CBR Key Rate + 1.9%	RUB	45,000	535	22.12.2026	VEON Holdings B.V.	None
VEON Finance Ireland DAC	Loan from Alfa Bank	10.1000%	RUB	30,000	357	23.12.2026	VEON Holdings B.V.	None
VEON Finance Ireland DAC	Loan from Alfa Bank	CBR Key Rate + 2.15%	RUB	15,000	178	23.12.2026	VEON Holdings B.V.	None
TOTAL VEON Finance Ireland DAC					1,070
PMCL	Syndicated Loan Facility	6M KIBOR + 0.55%	PKR	33,848	185	02.09.2026	None	Certain assets of the borrower
PMCL	Loan from Habib Bank Limited	6M KIBOR + 0.55%	PKR	14,369	78	02.09.2026	None	Certain assets of the borrower
PMCL	Loan from United Bank Limited	3M KIBOR + 0.55%	PKR	5,000	27	18.05.2028	None	Certain assets of the borrower
PMCL	Syndicated Loan Facility	6M KIBOR + 0.55%	PKR	15,000	82	18.05.2028	None	Certain assets of the borrower
PMCL	Syndicated Loan Facility	3M KIBOR + 0.60%	PKR	50,000	273	05.07.2031	None	Certain assets of the borrower
PMCL	Other				53
TOTAL Pakistan Mobile Communications Limited					698
PJSC Kyivstar	Loan from OTP Bank	10.1500%	UAH	1,250	43	22.12.2023	None	None
PJSC Kyivstar	Loan from JSC Credit Agricole Bank	NBU Key Rate + 3.5%	UAH	1,275	44	29.02.2024	VEON Holdings B.V.	None
PJSC Kyivstar	Loan from Raiffeisen Bank	11.0000%	UAH	1,400	47	26.11.2025	None	None
PJSC Kyivstar	Other				24
Total Private Joint Stock Company Kyivstar					158
Banglalink	Syndicated Loan Facility	Average bank deposit rate + 4.25%	BDT	3,350	39	24.09.2022	None	None
Other					7	-
TOTAL Banglalink Digital Communications Ltd.					46
Other entities	Cash-pool overdrawn accounts3 and other				55
Total VEON consolidated					7,063

 

1 Excluding lease liabilities

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

3 As of March 31, 2022 there were negligible amount overdrawn under the cash pool (<US$25k) on some accounts, while overal balance remained positive.

 

 

 

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