Debt Overview

The information is accurate as of 30 September 2021

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. Notes 7.5043%  USD  417 417 01.03.2022 PJSC VimpelCom 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. Loan from Sberbank CBR Key Rate + 2.2%  RUB  15,000 206 03.06.2023 None None
VEON Holdings B.V. Loan from Sberbank 7.3500%  RUB  30,000 412 03.06.2024 None None
VEON Holdings B.V. Notes 4.9500%  USD  533 533 17.06.2024 None None
VEON Holdings B.V. Loan from Alfa Bank 7.5000%  RUB  30,000 412 11.03.2025 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  20,000 275 18.06.2025 None None
VEON Holdings B.V. Loan from VTB CBR Key Rate + 1.85%  RUB  30,000 412 09.07.2025 None None
VEON Holdings B.V. Notes 6.5000%  RUB  10,000 137 11.09.2025 None None
VEON Holdings B.V. Loan from Alfa Bank CBR Key Rate + 2.1%  RUB  15,000 207 26.03.2026 None None
VEON Holdings B.V. Notes 8.125% RUB 20,000 275 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.       6,765      
PMCL Loan from Habib Bank Limited 6M KIBOR + 0.35%  PKR  3,333 20 15.06.2022 None Certain assets of the borrower
PMCL Syndicated Loan Facility 6M KIBOR + 0.35%  PKR  8,558 50 15.06.2022 None Certain assets of the borrower
PMCL Syndicated Loan Facility 6M KIBOR  PKR  2,424 14 15.12.2023 None Certain assets of the borrower
PMCL Syndicated Loan Facility 6M KIBOR  PKR  1,508 9 15.12.2023 None Certain assets of the borrower
PMCL Syndicated Loan Facility 6M KIBOR + 0.55%  PKR  33,848 198 02.09.2026 None Certain assets of the borrower
PMCL Loan from Habib Bank Limited 6M KIBOR + 0.55%  PKR  14,369 84 02.09.2026 None Certain assets of the borrower
PMCL Loan from United Bank Limited 3M KIBOR + 0.55%  PKR  5,000 29 18.05.2028 None Certain assets of the borrower
PMCL Syndicated Loan Facility 6M KIBOR + 0.55%  PKR  15,000 88 18.05.2028 None Certain assets of the borrower
PMCL Syndicated Loan Facility 6M KIBOR + 0.55% PKR 10,000 59 05.07.2031 None Certain assets of the borrower
PMCL Other       6      
TOTAL Pakistan Mobile Communications Limited       557      
PJSC Kyivstar Loan from Alfa Bank NBU Key Rate + 3% UAH 1,677 63 14.12.2023 None None
PJSC Kyivstar Loan from OTP Bank 10.1500% UAH 1,250 47 22.12.2023 None None
PJSC Kyivstar Loan from JSC Credit Agricole Bank NBU Key Rate + 3.5% UAH 1,275 48 29.02.2024 VEON Holdings B.V. None
PJSC Kyivstar Loan from JSC CitiBank Treasury Bill Rate + 3% UAH 1,350 51 15.03.2024 VEON Holdings B.V. None
PJSC Kyivstar Loan from Raiffeisen Bank 11.0000% UAH 1,400 53  26.11.2025 None None
Total Private Joint Stock Company Kyivstar       262      
Banglalink Syndicated Loan Facility Average bank deposit rate + 4.25% BDT 4,546 53 24.09.2022 None None
Other         21      
TOTAL Banglalink Digital Communications Ltd.       74      
Other entities Cash-pool overdrawn accounts2 and other       63      
Total VEON consolidated         7,721      

 

1 Excluding lease liabilities

2 As of September 30, 2021, some bank accounts forming part of a cash pooling program and being an integral part of VEON’s cash management remained overdrawn by US$30 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.

 

 

Download the Consolidated Debt Overview