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22.03.12

Raiffeisenbank of Russia acts as an arranger of RUR 35 billion VimpelCom ruble bond issue

On March 16, 2012, OAO 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. The deal was settled on MICEX on March 20, 2012.

On March 19, 2012, OAO 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.

OAO 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.


ZAO Raiffeisenbank is a subsidiary of Raiffeisen Bank International AG. Raiffeisenbank ranks 10th among the Russian banks in terms of assets, based on 2011 results (Interfax-CEA). According to the same Interfax-CEA data, ZAO Raiffeisenbank ranked 5th in terms of private deposits and 8th with regard to consumer lending.

Raiffeisen Bank International AG (RBI) regards both Austria, where it is a leading corporate and investment bank, and Central and Eastern Europe (CEE) as its home market. In CEE, RBI operates an extensive network of subsidiary banks, leasing companies and a range of other specialised financial service providers in 17 markets. RBI is the only Austrian bank with a presence in both the world’s financial centres and in Asia, the group’s further geographical area of focus. Around 60,000 employees service about 13.7 million customers through around 2,900 business outlets, the great majority of which are located in CEE. Raiffeisen Bank International is a fully-consolidated subsidiary of Raiffeisen Zentralbank Oesterreich AG (RZB). RZB indirectly owns around 78.5 per cent of the common stock, the remainder is in free float. RBI’s shares are listed on the Vienna Stock Exchange. RZB is the central institution of the Austrian Raiffeisen Banking Group, the country’s largest banking group, and serves as the group head office of the entire RZB Group, including RBI.

 

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