logo
Share SHARE
FONT-SIZE Plus   Neg

VimpelCom Issues Ruble Bonds Of RUB 25 Bln - Quick Facts

VimpelCom Ltd (VIP) announced that OJSC VimpelCom closed the books for the placement of its non-convertible interest-bearing documentary bonds of the 01 and 04 series with a total amount of RUB 25 billion or US$845 million. The bonds mature in 10 years with a put option in 3 years. As a result of the placement the coupon rate was set at 8.85% per annum.

Settlements under the deal will take place upon bond placement on MICEX on March 20, 2012. Alfa Bank, Raiffeisen Bank and Troika Dialog are acting as Lead Managers and Joint Bookrunners on OJSC VimpelCom bonds offering.

The company noted that the proceeds of the offering will be used for OJSC VimpelCom's general corporate purposes including refinancing of the existing debt.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Federal Aviation Administration said several pilots complained about pointing of strong green laser beams at planes flying over Long Island. The location was around Farmingdale, during 9.30 pm and 10 pm. Searches are on to locate the exact source of the laser beam. The Federal official suspects that the beam came from a hand-held device. Discount retailer Big Lots, Inc. Friday reported an increase in income from continuing operations for the first quarter, from last year. The company also registered a surge in net income particularly as it had carried a loss from discontinued operations last year. Taco Bell, a division of Yum! Brands Inc, is planning to test delivery of food items on college campuses, the Street reported. The move comes at a time the fast food chain seeks to leverage demand for its popular breakfast and dinner items.
comments powered by Disqus
RELATED NEWS
Trade VIP now with 
Follow RTT