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
Chinese conglomerate Dalian Wanda is in talks to buy Dick Clark Productions, as the company aims to expand in to the US entertainment industry. According to reports, Dalian Wanda Group has started preliminary talks to buy Dick Clark Productions for a price of about $1 billion. Dick Clark Productions... Mortgage applications in the U.S. dropped 0.7 percent from last week. According to data from the Mortgage Bankers Association, market composite index, a measure of mortgage loan application volume, declined 0.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis,... LendUp, an online lending startup, had to pay $6.3 million in fine for charging illegal fees and miscalculating higher interest rates. LendUp, which was earlier known as Flurish Inc., is supported by Google's venture capital arm GV and other venture capital firms in Silicon Valley. The California...
comments powered by Disqus
Follow RTT