OREANDA-NEWS. March 29, 2012. "VimpelCom" closed its bid book for purchasing documentary interest-bearing inconvertible bonds, series 1 and 4 for the total amount of 25 bn rubles. The issue’s maturity period is ten years, carrying a three-year buyback option. The coupon rate was fixed at 8.85% per annum, reported the press-centre of Alfa-Bank.

The trade was settled at the MICEX Stock Exchange on 20 March 2012.

On 19 March 2012, "VimpelCom" closed its bid book for purchasing additional issue of documentary interest-bearing inconvertible bonds for the total amount of 10 bn rubles. The issue’s maturity period is 10 years, carrying a three-year buyback option. The coupon rate was fixed at 8.85% per annum.

Aggregate investors’ demand amounted to nearly 79 bn rubles, with 140 applications filed during the book building.

The raised funds will be used for corporate purposes of OAO "VimpelCom", including refinancing of its existing indebtedness.

The arrangers of the issue were Alfa-Bank, Raiffeizenbank and Troika Dialog.

Commenting on the issue, Head of Alfa-Bank’s Investment Business Igor Kolomeisky said: "This deal is unique in the Russian market both on the volume of bonds offered by one issuer domestically and internationally and on the strategy of bonds marketing. We are satisfied with the results of the issue and will be happy to continue successful public credit history of such a significant issuer".