Russian telco VimpelCom has closed the books on a new tranche of non-convertible, ruble-denominated bonds valued at Rbs10bn (US$341m), bringing the total offering to Rbs35bn (US$1.19bn).
The company said in a statement that, like the two …
Russian telco VimpelCom has closed the books on a new tranche of non-convertible, ruble-denominated bonds valued at Rbs10bn (US$341m), bringing the total offering to Rbs35bn (US$1.19bn).
The company said in a statement that, like the two previously-announced tranches, the bonds have a 10-year tenure, a put option exercisable three years from the date of issuance and a coupon rate of 8.85%. Interest on this tranche is to be paid semi-annually.
On 16 March, VimpelCom had closed the books for the placement of 01 and 04 series bonds valued at a total Rbs25bn (US$845m).
Alfa Bank, Raiffeisen Bank and Troika Dialog are lead managers and joint bookrunners on the offerings.
Proceeds from the transaction will be used for corporate purposes and refinancing of existing debt.
