Company: KYIV
Filing Date: 2025-12-18
Form Type: 424B3
Source: 0001213900-25-123334
Chunk: 140

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-18
Form: 424B3
Chunk 140
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 Bond liabilities principal amount         |     |          — |     |         585 |     |            — |     |         — |     |   585 |
| Bond liabilities                          |     |          — |     |           6 |     |            — |     |         — |     |     6 |
| Lease liabilities                         |     |         20 |     |          62 |     |          305 |     |        74 |     |   461 |
| Trade and other payables                  |     |        110 |     |           — |     |            — |     |         — |     |   110 |
| Customer associated financial liabilities |     |         29 |     |           — |     |            — |     |         — |     |    29 |
| Loans                                     |     |          — |     |           8 |     |            — |     |         — |     |     8 |
| Total financial liabilities               |     |        159 |     |         661 |     |          305 |     |        74 |     | 1,199 |

For more information on our financial liabilities and other commitments please refer to Note 7 — Provisions and Contingent Liabilitiesand Note 10 — Property and Equipmentof our audited combined financial statements included elsewhere in this prospectus.

84

Quantitative and Qualitative Disclosures about Financial Risks General We are exposed to credit risks, foreign currency exposure and liquidity risks due to the use of financial instruments. The financial instruments comprise cash and cash equivalents, current financial investments, and other current financial assets. We also have various other financial instruments, such as trade payables and trade receivables, prepaid credit balances that are refundable to customers or can be used as currency to purchase items from other suppliers, which arise directly from its operations. For more information, please refer to Note 16 — Financial Risk Managementof our audited combined financial statements included elsewhere in this prospectus. Credit risk Credit risk is the risk that a counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. We are exposed to credit risk from our operating activities, primarily in respect of trade receivables, and from our treasury activities, including deposits with banks and financial institutions, derivative financial instruments and other financial instruments. Financial instruments, which potentially expose us to significant concentrations of credit risk, consist principally of cash in bank, short -termdeposits