VimpelCom Finance has decided to start the placement of its first issue bonds on May 20, 2003, the press service of Raiffeisenbank Austria, which is the underwriter of the issue, reported. The issue totaling 3bn rubles ($97.66m) was registered by the Federal Commission for the Securities Market on April 18, 2003. The bonds will mature in three years. Coupons will be paid every six months.
After WWII, the Soviet army left Austria, and the latter had always remained a neutral state and never joined NATO
Russia experienced default on August 17, 1998. Today, 20 years after those events, the economic situation in Russia does not seem stable to many