Из страниц pppd man:
debug Enables connection debugging facilities. If this option is
given, pppd will log the contents of all control packets sent or
received in a readable form. The packets are logged through
syslog with facility daemon and level debug. This information
can be directed to a file by setting up /etc/syslog.conf
appropriately (see syslog.conf(5)).
Итак, по умолчанию все журналы pppd будут перенаправлены на /var/log/syslog.