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VimpelCom receives puts for 99% of its 8.85% ruble bonds due 2022
New York, March 27 – VimpelCom Ltd. said holders of 99% of its RUB 10 billion of 8.85% bonds due March 14, 2022 issued by subsidiary OJSC Vimpel-Communications exercised their put option.
In all, RUB 9.99 billion of the bonds were put back to the company.
VimpelCom issued the debt in March 2012.
On Tuesday, VimpelCom announced that holders had exercised the put option for RUB 24.8 billion, or 99%, of its the RUB 25 billion 8.85% bonds due March 8, 2022, also issued by OJSC Vimpel-Communications.
VimpelCom is a telecommunications provider based in Moscow.
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