VimpelCom Group Issues Ruble Bonds in the Equivalent Amount of Approximately $428 Million (PR...
yahoo.com     Jul 25, 2008            

MOSCOW, July 25 /PRNewswire-FirstCall/ -- Open Joint Stock Company "Vimpel-Communications" ("VimpelCom" or the "Company") (NYSE: VIP - News ) today announced that it has issued Russian ruble-denominated bonds through LLC VimpelCom-Invest, a consolidated Russian subsidiary of VimpelCom, in an aggregate principal amount of 10 billion Russian rubles, which is the equivalent of approximately $428 million at today's Central Bank of Russia exchange rate. The bonds are guaranteed by VimpelCom. The bonds are due on July 19, 2013. Interest will be paid semiannually. The annual interest rate for the first three payment periods is 9.05%. VimpelCom-Invest will determine the annual interest rate for subsequent periods based on market conditions. Bond holders will have the right to sell their bonds to VimpelCom-Invest when the annual... [read full story]                    


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