Debt Overview

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.

 

 

 

Download the Consolidated Debt Overview