Loans Summary

The information is accurate as of the 31st March 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 1,468 19.05.2022 None None
VEON Holdings B.V. Loan from Alfa Bank 8.8% RUB 17,500 270 30.08.2022 None None
VEON Holdings B.V. Loan from VTB 8.75% RUB 30,000 463 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 4.49275% USD 310 310 11.04.2019 None None
VEON Holdings B.V. RCF utilisation 4.48175% USD 300 300 18.04.2019 None None
VEON Holdings B.V. Cash-pool overdrawn accounts2 - - - 26 - - -
TOTAL VEON Holdings B.V.         4,916      
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 1,725 12 20.12.2019 None Certain assets of the borrower
Pakistan Mobile Communications Limited Loan from Habib Bank Limited 6 months KIBOR + 0.90% PKR 2,667 19 23.12.2020 None Certain assets of the borrower
Pakistan Mobile Communications Limited Loan from ING Bank N.V. 6 month LIBOR plus 1.9% USD 137 137 31.12.2020 EKN Certain assets of the borrower
Pakistan Mobile Communications Limited Loan from MCB Bank Limited 6 months KIBOR + 0.8% PKR 10,667 76 23.12.2020 None Certain assets of the borrower
Pakistan Mobile Communications Limited Loan from Habib Bank Limited 6 months KIBOR + 0.35% PKR 5,463 39 29.06.2022 None Certain assets of the borrower
Pakistan Mobile Communications Limited Syndicated loan facility 6 months KIBOR PKR 4,848 34 31.12.2023 None Certain assets of the borrower
Pakistan Mobile Communications Limited Syndicated loan facility 6 months KIBOR PKR 3,213 23 31.12.2023 None Certain assets of the borrower
Pakistan Mobile Communications Limited Syndicated loan via MCB Bank Limited 6 months KIBOR + 0.35% PKR 17,000 121 29.06.2022 None Certain assets of the borrower
Pakistan Mobile Communications Limited Other Pakistan Mobile Communications Limited       60      
TOTAL Pakistan Mobile Communications Limited          521      
Banglalink Digital Communications Ltd. Senior Notes 8.625% USD 300 300 06.05.2019 None None
Banglalink Digital Communications Ltd. Syndicated Loan Facility Average bank deposit rate + 4.25% BDT 8,853 106 24.12.2022 None None
Banglalink Digital Communications Ltd. Syndicated Loan Facility Average bank deposit rate + 3.0% BDT 2,791 33 24.12.2020 None None
TOTAL Banglalink Digital Communications Ltd.         439      
Optimum Telecom Algérie S.p.A. Syndicated Loan Facility Bank of Algeria Re-Discount Rate + 2.0% (floor 5.5%) DZD 7,500 63 30.12.2019 Omnium Telecom Algérie S.p.A. Certain assets of the borrower
TOTAL Optimum Telecom Algérie S.p.A.         63      
Other entities Cash-pool overdrawn accounts2       47      
Total VEON consolidated         7,465      

 

1Excluding lease liabilities

2 As of March 31, 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$73 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 Loans Summaries information