VEON Group Treasury (HQ) is centralized for global transactions supporting Group Treasury strategy and operationally supported by local OpCo Treasury teams at the country level performing local domestic treasury operations under Group Treasury Policy.

The HQ team manages the transactional operations supporting the significant levels of debt and cash at both VEON HQ and its subsidiaries.

The HQ treasury function is critical to manage sufficient liquidity, debt facilities and investments and risk management strategies related to all financial activities supporting the achievement of VEON business objectives.

Group Treasury Comprises Of Two Departments

Treasury Operations. This department provides the transactional operations support for the significant levels of debt at both VEON HQ and its subsidiaries. It manages liquidity, operational activities for debt facilities and investments and creates and executes defined risk management strategies related to all financial activities supporting the achievement Veon business objectives

Corporate Finance: This department is responsible for developing and securing a (cost) efficient capital structure for VEON from a Group, HQ and Operating Subsidiary perspective. Its activities include amongst others: identifying need for and negotiating new loan facilities at Group and OpCo level, (debt) capital market issuances, credit investor communications, bank relationship management, credit rating agencies management and technical support on M&A transactions and on intercompany restructurings

The (Senior) Manager Corporate Finance plays an essential role in supporting VEON maintaining sufficient liquidity, amongst other things by securing new loans and issuance of bonds to refinance maturing debt and to obtain necessary new funding to allow VEON and it operations to invest in the network and future businesses as well as for transactional / M&A support.