By Susanna Moon
Chicago, July 25 - Vimpel-Communications said it issued RUR 10 billion bonds due July 19, 2013 through LLC VimpelCom-Invest. The bonds are guaranteed by VimpelCom.
Interest will be paid semiannually.
The annual interest rate for the first three payment periods is 9.05%. VimpelCom-Invest will determine the annual interest rate for subsequent periods based on market conditions.
Holders may put the bonds when the annual interest rate for subsequent periods is announced at the end of the third payment period.
Proceeds will be used for the development and expansion of VimpelCom's networks, including possible acquisitions or investments in existing operators, and to repay debt.
| Issuer: | Vimpel-Communications
|
| Amount: | RUR 10 billion
|
| Issue: | Notes
|
| Maturity: | July 19, 2013
|
| Coupon: | 9.05%
|
| Price: | Par
|
| Yield: | 9.05%
|
| Pricing date: | July 25
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
