The transaction was underwritten by Citibank, N.A. (Citigroup) and Standard Bank London Ltd (Standard Bank), who were also acting as mandated lead arrangers and bookrunners for the financing. The facility is a three-year unsecured amortizing term loan, with quarterly principal payments beginning one year after the execution date, and bears interest at 2.5% p.a. above LIBOR. The facility is available for drawing for six months following the signing date. VimpelCom intends to use the net proceeds of the facility partly to repay indebtedness and partly to continue the development and expansion of its networks and business within Russia and/or the CIS.

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