VimpelCom has completed its three-part US$2bn bond offering, consisting of an Rbs12bn (US$398.5m) tranche and two dollar tranches totalling US$1.6bn.
As previously reported, the five-year Rbs12bn notes have a 9% coupon, the six-year US$600m notes have a…
VimpelCom has completed its three-part US$2bn bond offering, consisting of an Rbs12bn (US$398.5m) tranche and two dollar tranches totalling US$1.6bn.
As previously reported, the five-year Rbs12bn notes have a 9% coupon, the six-year US$600m notes have a 5.2% coupon, and the 10-year US$1bn notes have a 5.95% coupon.
Announcing the completion, the Amsterdam-based telco said the coupon on the US$ notes was the lowest in the company’s history.
The notes were issued by VimpelCom Holdings, guaranteed by its subsidiary, Russia-based OJSC Vimpel-Communications and are listed on the Irish Stock Exchange.
The proceeds of the issuance are to be used to repay maturing debt and for general corporate purposes.
Lead managers for the financing were Barclays, Citigroup, ING and Royal Bank of Scotland (RBS).
