OREANDA-NEWS. March 30, 2012. VimpelCom closed the order book for the first and fourth series non-convertible interest-bearing certificated bonds with a 10-year maturity and a 3-year put option, with a total value of RUR 25 billion. At book closing, the coupon rate was set at 8.85% p.a., reported the press-centre of Raiffeisenbank.  

On March 19, 2012, VimpelCom closed the order book for an additional issue of non-convertible interest-bearing bonds with a 10-year maturity and a 3-year put option, with a total value of RUR 10 billion. At book closing, the coupon rate was set at 8.85% p.a. The deal will be settled on MICEX on March 26, 2012.

Total investor demand came to nearly RUR 79 billion, and book building brought a total of 140 orders. Revenues from the issue will be used for VimpelCom’s general corporate needs including the refinancing of current debt.

Alfa-Bank, ZAO Raiffeisenbank and ZAO IC Troika-Dialog acted as issue arrangers.

"The VimpelCom issue is among the largest deals in the entire history of the Russian debt market. Unprecedented investor demand allowed the initial issue volume to be increased by a multiple of 2.5 and successful closure of the deal at an attractive coupon rate", - says Nikita Patrakhin, a member of the Board of Raiffeisenbank and Head of Corporate Finance and Investment Banking Division.