By Paul A. Harris
St. Louis, Feb. 7 - VimpelCom BV, Russia's second largest mobile telephone company, priced a $300 million five-year eurobond at par to yield 8% in a quick-to-market transaction, according to an informed source.
Price talk was 8% to 8 1/8%.
UBS Investment Bank and JP Morgan ran the books.
Proceeds will be used to refinance debt and for general corporate purposes.
| Issuer: | VimpelCom BV
|
| Amount: | $300 million
|
| Maturity: | Feb. 11, 2010
|
| Security description: | Eurobond
|
| Bookrunners: | UBS Investment Bank, JP Morgan
|
| Coupon: | 8%
|
| Price: | Par
|
| Yield: | 8%
|
| Spread: | 433 basis points
|
| Trade date: | Feb. 7
|
| Settlement date: | Feb. 11
|
| Rating: | Moody's: B1
|
| Price talk: | 8%-8 1/8%
|
|
|
© 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.
