Russian telecoms operator VimpelCom has announced it has closed the books for the placement of its non-convertible documentary bonds valued at a total Rbs25bn (US$845m).
The company said in a statement the 01 and 04 series bonds have a 10-year…
Russian telecoms operator VimpelCom has announced it has closed the books for the placement of its non-convertible documentary bonds valued at a total Rbs25bn (US$845m).
The company said in a statement the 01 and 04 series bonds have a 10-year tenure, a put option in three years and an annual coupon of 8.85%.
Settlements under the transaction are set to take place upon the placement of the bonds on the Moscow Interbank Currency Exchange (MICEX) on 20 March.
Alfa Bank, Raiffeisen Bank and Troika Dialog are acting as lead managers and joint bookrunners on the offering.
VimpelCom said the proceeds will be used for general corporate purposes, which include the refinancing of existing debt.
