Debt Overview

VEON consolidated debt overview1

31 March 2023

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                 206 206 13.10.2023 None None
VEON Holdings B.V. Notes 7.2500%  USD                 434 434 27.12.2023 None None
VEON Holdings B.V. Notes 4.9500%  USD                 226 226 16.06.2024 None None
VEON Holdings B.V. Notes 4.0000%  USD                 704 704 09.04.2025 None None
VEON Holdings B.V. Notes 6.3000%  RUB            16,468 214 18.06.2025 None None
VEON Holdings B.V. Notes 6.5000%  RUB              3,583 46 11.09.2025 None None
VEON Holdings B.V. Notes 8.1250%  RUB              6,030 78 16.09.2026 None None
VEON Holdings B.V. Notes 3.3750%  USD              1,181 1181 25.11.2027 None None
TOTAL VEON Holdings B.V.       4,144      
                 
PMCL Syndicated Loan Facility 6M KIBOR + 0.55%  PKR            29,617 104 02.09.2026 None Certain assets of the borrower
PMCL Loan from Habib Bank Limited 6M KIBOR + 0.55%  PKR            12,573 44 02.09.2026 None Certain assets of the borrower
PMCL Syndicated Loan Facility 6M KIBOR + 0.55%  PKR            15,000 53 18.05.2028 None Certain assets of the borrower
PMCL Syndicated Loan Facility 3M KIBOR + 0.60%  PKR            50,000 176 05.07.2031 None Certain assets of the borrower
PMCL Syndicated Loan Facility 6M KIBOR + 0.60%  PKR            36,000 127 19.04.2032 None Certain assets of the borrower
PMCL Other       47      
TOTAL Pakistan Mobile Communications Limited       551      
                 
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            10,740 101 26.04.2027 None None
Other         14      
TOTAL Banglalink Digital Communications Ltd.       115      
                 
Other entities Overdrawn accounts and other       41      
TOTAL VEON consolidated       4,910      

1 Excluding lease liabilities

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

 

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