The information is accurate as of the 30 September 2019
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 | 95,000 | 1,474 | 19.05.2022 | None | None |
| VEON Holdings B.V. | Loan from Alfa Bank | 8.8% | RUB | 17,500 | 272 | 30.08.2022 | None | None |
| VEON Holdings B.V. | Loan from VTB | 8.75% | RUB | 30,000 | 466 | 30.08.2022 | 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. | RCF utilisation | 4.4106% | USD | 310 | 310 | 04.10.20192 | None | None |
| VEON Holdings B.V. | RCF utilisation | 4.3829% | USD | 300 | 300 | 04.10.20192 | None | None |
| VEON Holdings B.V. | Cash-pool overdrawn accounts3 | 66 | ||||||
| TOTAL VEON Holdings B.V. | 4,967 | |||||||
| GTH Finance B.V. | Notes | 6.25% | USD | 500 | 500 | 26.04.2020 | VEON Holdings B.V. | None |
| GTH Finance B.V. | Notes | 7.25% | USD | 700 | 700 | 26.04.2023 | VEON Holdings B.V. | None |
| TOTAL GTH Finance B.V. | 1,200 | |||||||
| 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 | 17 | ||||||
| TOTAL PJSC VimpelCom | 279 | |||||||
| Pakistan Mobile Communications Limited | Sukuk Certificates | 3 months KIBOR + 0.88% | PKR | 575 | 4 | 20.12.2019 | None | Certain assets of the borrower |
| Pakistan Mobile Communications Limited | Loan from Habib Bank Limited | 6 months KIBOR + 0.90% | PKR | 2,000 | 13 | 23.12.2020 | None | Certain assets of the borrower |
| Pakistan Mobile Communications Limited | Loan from ING Bank N.V. | 6 month LIBOR + 1.9% | USD | 106 | 106 | 31.12.2020 | EKN | Certain assets of the borrower |
| Pakistan Mobile Communications Limited | Loan from MCB Bank Limited | 6 months KIBOR + 0.8% | PKR | 8,000 | 51 | 23.12.2020 | None | Certain assets of the borrower |
| Pakistan Mobile Communications Limited | Loan from Habib Bank Limited | 6 months KIBOR + 0.35% | PKR | 10,000 | 64 | 29.06.2022 | None | Certain assets of the borrower |
| Pakistan Mobile Communications Limited | Syndicated loan facility | 6 months KIBOR | PKR | 4,364 | 28 | 31.12.2023 | None | Certain assets of the borrower |
| Pakistan Mobile Communications Limited | Syndicated loan facility | 6 months KIBOR | PKR | 2,892 | 18 | 31.12.2023 | None | Certain assets of the borrower |
| Pakistan Mobile Communications Limited | Syndicated loan facility | 6 months KIBOR + 0.35% | PKR | 25,675 | 164 | 29.06.2022 | None | Certain assets of the borrower |
| Pakistan Mobile Communications Limited | Syndicated loan facility | 6 months KIBOR + 0.75% | PKR | 15,885 | 101 | 02.09.2026 | None | Certain assets of the borrower |
| Pakistan Mobile Communications Limited | Bilateral Loan Facility | 6 months KIBOR + 0.75% | PKR | 2,963 | 19 | 02.09.2026 | None | Certain assets of the borrower |
| Pakistan Mobile Communications Limited | Other Pakistan Mobile Communications Limited | 26 | ||||||
| TOTAL Pakistan Mobile Communications Limited | 594 | |||||||
| Banglalink Digital Communications Ltd. | Syndicated loan facility | 3 months LIBOR +2% | USD | 300 | 300 | 01.05.2020 | VEON Holding B.V. | None |
| Banglalink Digital Communications Ltd. | Syndicated Loan Facility | Average bank deposit rate + 4.25% | BDT | 8,374 | 99 | 24.12.2022 | None | None |
| Banglalink Digital Communications Ltd. | Syndicated Loan Facility | Average bank deposit rate + 3.0% | BDT | 2,093 | 25 | 24.12.2020 | None | None |
| TOTAL Banglalink Digital Communications Ltd. | 424 | |||||||
| Optimum Telecom Algérie S.p.A. | Syndicated Loan Facility | Bank of Algeria Re-Discount Rate + 2.0% (floor 5.5%) | DZD | 3,750 | 31 | 30.12.2019 | Omnium Telecom Algérie S.p.A. | Certain assets of the borrower |
| TOTAL Optimum Telecom Algérie S.p.A. | 31 | |||||||
| Other entities | Cash-pool overdrawn accounts3 | 53 | ||||||
| Total VEON consolidated | 7,548 |
1Excluding lease liabilities
2 Revolving Credit Facility (RCF) utilisations can be reborrowed (rolled over) until the facility final maturity date, i.e. February 16, 2022.
3 As of September 30, 2019, some bank accounts forming part of a cash pooling program and being an integral part of VEON’s cash management remained overdrawn by US$119 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.