By Reshmi Basu
New York, July 6 - VimpelCom priced an upsized $200 million add-on to its $250 bonds due 2009 (B1/BB-) at 100.50, according to a market source.
The deal, upsized to $200 million from $100 million, came in line with price talk. The tap had been talked in the area of 100.50.
UBS Securities and JP Morgan ran the Rule 144A/Regulation S book offering.
Proceeds will be used towards the development and expansion of the company's network.
The $200 million tap brings the total size of the deal to $450 million. On June 9, VimpelCom priced a downsized $250 million five-year bond (B1/BB-) at par to yield 10%.
VimpelCom is Russia's second-largest cellular network operator.
| Issuer: | VimpelCom
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| Amount: | $200 million
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| Issue: | Add-on to 10% notes due 2009
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| Maturity: | June 16, 2009
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| Coupon: 10%
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| Issue price: | 100.50
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| Pricing date: | July 6
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| Settlement date: | July 14
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| Bookrunners: | JP Morgan, UBS Investment Bank
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| Ratings: | Moody's: B1
|
| Standard and Poor's: BB-
|
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