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AMSTERDAM, Dec. 24, 2020 /PRNewswire/ VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announces that its operating company in Ukraine, Kyivstar, has signed three bilateral unsecured loan agreements with Raiffeisen Bank Aval Joint Stock Company ( Raiffeisen ), Joint Stock Company Alfa-Bank ( Alfa-Bank ) and Joint Stock Company OTP Bank ( OTP ), for an aggregate amount of UAH 4.1 billion (approximately USD 145 million
[1]). The loan agreement with Raiffeisen has a 5-year term, and the loan agreements with Alfa-Bank and OTP have a 3-year term.
Similarly, VEON s subsidiary in Kazakhstan, KaR-Tel, has signed a bilateral unsecured loan agreement with Forte Bank JSC for KZT 10 billion (approximately USD 25 million