By Reshmi Basu
New York, Oct. 13 - VimpelCom, via UBS SA, priced $300 million seven-year notes (B1/B-) Wednesday at par to yield 8 3/8%, according to market sources.
The notes are non-callable.
JP Morgan and UBS Investment Bank ran the Rule 144A/Regulation S deal.
Proceeds will be used to repay the company's $250 million notes due April 2005 and for possible acquisitions.
VimpelCom, based in Moscow, is a provider of wireless telecommunications services.
| Issuer: | UBS SA
|
| Borrower: | OJSC Vimpel-Communications
|
| Amount: | $300 million
|
| Issue: | Loan participation notes
|
| Maturity: | Oct. 22, 2011
|
| Coupon: | 8 3/8%
|
| Issue price: | Par
|
| Yield: | 8 3/8%
|
| Spread: | 463.7 basis points over comparable Treasuries
|
| Pricing date: | Oct. 13
|
| Settlement date: | Oct. 22
|
| Bookrunners: | JP Morgan, UBS Investment Bank
|
| Ratings: | Moody's: B1
|
| Standard & Poor's: B-
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
