Bonds: VimpelCom intends to issue ruble bonds in the equivalent amount of $577.6 million

24.06.2007, MForum.ru

Open Joint Stock Company "Vimpel-Communications" ("VimpelCom" or the "Company") (NYSE: VIP), announced June 22, 2007 that it intends to submit to the Russian Federal Financial Markets Service documentation required for the potential issuance of Russian ruble-denominated bonds through LLC VimpelCom-Invest, a consolidated Russian subsidiary of VimpelCom. The bonds may be issued depending on VimpelCom’s funding needs within a period of one year from the date on which the Russian Federal Financial Markets Service registers the submitted documentation. The proposed amount of the issue is up to 15 billion rubles, which is the equivalent of approximately $577.6 million at today’s Central Bank of Russia exchange rate. The bonds will be guaranteed by VimpelCom. The proposed maturity period is five years.

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