Russian group VimpelCom has raised US$2.2bn in three tranches of Eurobond through a private placement.
The US$200m floating rate note due in June 2014 bear an annual interest rate of three-month USD Libor plus 400bp. The US$500m note due in March 2017…
Russian group VimpelCom has raised US$2.2bn in three tranches of Eurobond through a private placement.
The US$200m floating rate note due in June 2014 bear an annual interest rate of three-month USD Libor plus 400bp. The US$500m note due in March 2017 has a coupon of 6.2546% with a yield of 6.25%. Finally, the US$1.5bn notes due in March 2022 have a coupon of 7.5043%.
Barclays Bank, BNP Paribas, Citigroup, HSBC, ING and RBS acted as lead managers.
The proceeds will repay the up to US$2.5bn bridge loan due March 31, 2002, that funded the acquisition of Wind Telecom.
The same banks which acted as lead-managers of the bond issue had arranged the up to US$2.5bn, of which US$2.2bn have been drawn down.
Any proceeds left from the bond issue will be used for general corporate purposes.
The bonds will be listed on the Irish Stock Exchange.
