By Susanna Moon
Chicago, Oct. 20 - VimpelCom Ltd. said it issued RUB 20 billion of 8.3% five-year bonds through its subsidiary LLC VimpelCom-Invest on Tuesday.
The bonds are guaranteed by OJSC Vimpel-Communications, another VimpelCom subsidiary.
Proceeds will be used for financing development and expansion of OJSC VimpelCom's core business.
Vimpel-Communications announced the offering in April for up to RUB 20 billion of bonds.
VimpelCom is a Moscow-based telecommunications provider.
| Issuer: | LLC VimpelCom-Invest
|
| Guarantor: | OJSC Vimpel-Communications
|
| Issue: | Bonds
|
| Amount: | RUB 20 billion
|
| Maturity: | Five years
|
| Coupon: | 8.3%
|
| Settlement date: | Oct. 19
|
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