March 16, 2012
"VimpelCom Ltd" ("VimpelCom", "Company" or "Group")
(NYSE: VIP), a leading global provider of telecommunications services, today announced that OJSC VimpelCom closed the books for the placement of its non-convertible interest-bearing documentary bonds of the 01 and 04 series with a total amount of
RUB 25 billion
USD 845 million
). The bonds mature in 10 years with a put option in 3 years. As a result of the placement the coupon rate was set at 8.85% per annum.
Settlements under the deal will take place upon bond placement on MICEX on
March 20, 2012
. Alfa Bank, Raiffeisen Bank and Troika Dialog are acting as Lead Managers and Joint Bookrunners on OJSC VimpelCom bonds offering.
The proceeds of the offering will be used for OJSC VimpelCom's general corporate purposes including refinancing of the existing debt.
This release shall not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The securities will not be registered under the Securities Act of 1933, as amended (the "Securities Act"). Unless and until so registered, the securities may not be offered or sold in
the United States
except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws.
VimpelCom is one of the world's largest integrated telecommunications services operators offering a wide range of wireless, fixed, and broadband services in
Central African Republic
. VimpelCom's operations around the globe cover territory with a total population of approximately 864 million people. VimpelCom provides services under the "Beeline", "Kyivstar", "djuice", "Wind", "Infostrada" "Mobilink", "Leo", "banglalink", "Telecel", and "Djezzy" brands. As of
December 31, 2011
VimpelCom had 205 million mobile subscribers on a combined basis. VimpelCom is traded on the New York Stock Exchange under the symbol (VIP). For more information visit:
SOURCE VimpelCom Ltd.