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![TMCNet: VimpelCom to Release an Additional Tranche of Russian Ruble Bonds [Manufacturing Close - Up]](http://images.tmcnet.com/siteart/invisible.gif)
VimpelCom to Release an Additional Tranche of Russian Ruble Bonds [Manufacturing Close - Up]
(Manufacturing Close - Up Via Acquire Media NewsEdge) "VimpelCom Ltd" ("VimpelCom", "Company" or "Group"), a global provider of telecommunications services, announced that its Russian subsidiary, OJSC "Vimpel-Communications" ("OJSC VimpelCom"), closed the books for the placement of its non-convertible interest-bearing Russian ruble-denominated bonds in an aggregate principal amount of RUB 10 billion (USD 341 million).
According to a release on March 19, the bonds mature in 10 years and bondholders have a put option exercisable 3 years from date of issuance of the bonds. Interest is to be paid semiannually. As a result of the placement the coupon rate was set at 8.85 percent per annum.
With the closing of the books for the placement of this tranche and the two tranches of Russian ruble-denominated bonds reported by the Company on March 16, OJSC VimpelCom has closed the books for the placement of Russian ruble-denominated bonds in an aggregate principal amount of RUB 35 billion (USD 1.192 million).
The proceeds of the offerings will be used for OJSC VimpelCom's general corporate purposes and refinancing of existing debt.
Alfa Bank, Raiffeisen Bank and Troika Dialog are acting as Lead Managers and Joint Bookrunners on the offerings.
VimpelCom is an integrated telecommunications services operator offering a range of wireless, fixed, and broadband services in Russia, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Vietnam, Cambodia, Laos, Algeria, Bangladesh, Pakistan, Burundi, Zimbabwe, Central African Republic, Italy and Canada.
More information:
http://www.vimpelcom.com
((Comments on this story may be sent to newsdesk@closeupmedia.com))
(c) 2012 ProQuest Information and Learning Company; All Rights Reserved.
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