The board of directors of Russia’s VimpelCom has passed a resolution to offer series 06-09 bonds worth Rbs50bn (US$1.7bn), according to local reports.
The series 06 and 07 are valued at Rbs10bn (US$341m) each, while the series 08 and 09 are worth…
The board of directors of Russia’s VimpelCom has passed a resolution to offer series 06-09 bonds worth Rbs50bn (US$1.7bn), according to local reports.
The series 06 and 07 are valued at Rbs10bn (US$341m) each, while the series 08 and 09 are worth Rbs15bn (US$511m) each. They will reportedly have a maturity of 10 years.
TelecomFinance understands that the offering of these bonds is not necessarily expected in the near future.
In late March, VimpelCom had upped a previous bond offering by Rbs10bn to Rbs35bn (US$1.19bn). These 01-05 bonds also mature in 10 years and have a coupon rate of 8.85%.
Alfa Bank, Raiffeisen Bank and Troika Dialog were lead managers and joint bookrunners on the offerings.
The company said at the time that proceeds from the transaction would be used for corporate purposes and refinancing of existing debt.
