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10.09.2008 /Investing “Rossiyskiy Kredit Bank” is an underwriter of the issue of “VimpelCom” Ruble Bonds

The placement of the ruble bond issue of "VimpelCom-Invest, which is a 100% indirect subsidiary of JSC “VimpelCom", was held on July 25, 2008 at MICEX SE. According to the results of the tender, the first coupon rate was determined by the issuer in the amount of 9.05% per annum. In 1,5 year the profitability of Bonds to the offer amounted to 9.25% per annum. During the placement 113 applications of investors were filed for the amount of over 16 bln rubles. The entire output of the issue is placed within one day.

The organizers of the issue are: Raiffeisenbank and IC “Troyka Dialog”.
Underwriters of the isuue are: Commertsbank (Eurasia), Rossiyskiy Kredit Bank, Standart Bank, Transcapitalbank, UniCredit.
Co-organizers of the issue are: Dresdner Bank, Deutsche Bank, BSGB, ING Bank (Eurasia), IG Kapital, BC “Region”, Uralsib.
Co-underwriters of the issue are: Absolut Bank, HSBC Bank, BARS Bank, Moscow Bank, BPF, Bank of Saint-Petersburg, Royal Bank of Scotland, Promsvyazbank, Renaissance, IB “TRUST”.

Bonds with the total nominal value of 10 bln. rubles are issued with the maturity period of 5 years. The issue provides a semi-annual coupon payment. Issuer's decision also provides the right of owners to present their bonds for early redemption of the nominal value in 1.5 year - January 26, 2010.

All payments are guaranteed by the management company of the Group-JSC "VimpelCom" (Center for consolidation GAAP).

Funds from the placement loan will be directed to the further development and expansion of the main activities, including possible acquisitions or investments in existing operators of wireless production, as well as refinancing of the portfolio of debt.

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