Bonds are the classic tool of long-term financing via the capital market, and VimpelCom intends to have a regular presence on the international capital markets in the future in order to diversify its lender base. Currently VimpelCom has the following bonds:

Volume	Issue	Maturity	Coupon
RUR 10 bln.	25.07.2008	19.07.2013	9.05%
US$ 1,000 m.	05.05.2008	April 2013	8.375%
US$ 1,000 m.	05.05.2008	April 2018	9.125%
US$ 600 m.	23.05.2006	23.05.2016	8.25%
US$ 300 m.	22.10.2004	22.10.2011	8.375%
US$ 300 m	11.02.2005	11.02.2010	8%
US$ 220 m	16.06.2004	16.06.2009	10%

VimpelCom’s current credit ratings are:

Rating Agency	Rating	Outlook
Standard&Poor’s	BB+	positive
Moody’s	Ba2	positive