By Christine Van Dusen
Atlanta, April 21 – Russia’s VimpelCom Holdings BV – via GTH Finance BV – priced a combined $1.2 billion of notes on Wednesday in tranches due 2020 and 2023, a market source said.
The $500 million notes due 2020 priced at par to yield 6¼%, or Treasuries plus 506.6 basis points.
The $700 million notes due 2023 priced at par to yield 7¼%, or Treasuries plus 567.7 bps.
Citigroup, Barclays and ING were the bookrunners for the Rule 144A and Regulation S deal.
The proceeds will be used to repay a shareholder loan.
VimpelCom is a telecommunications services provider. Its broadband services are offered in Russia, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Vietnam, Cambodia, Laos, Algeria, Bangladesh, Pakistan, Burundi, Zimbabwe, Central African Republic, Italy and Canada.
| Issuer: | GTH Finance BV (guaranteed by VimpelCom Holdings BV)
|
| Amount: | $1.2 billion
|
| Description: | Notes
|
| Bookrunners: | Citigroup, Barclays, ING
|
| Call options: | Par call three months prior to maturity
|
| Trade date: | April 20
|
| Settlement date: | April 26
|
| Distribution: | Rule 144A and Regulation S
|
|
|
| Notes due 2020
|
| Amount: | $500 million
|
| Maturity: | April 26, 2020
|
| Coupon: | 6¼%
|
| Price: | Par
|
| Yield: | 6¼%
|
| Spread: | Treasuries plus 506.6 bps
|
|
|
| Notes due 2023
|
| Amount: | $700 million
|
| Maturity: | March 26, 2023
|
| Coupon: | 7¼%
|
| Price: | Par
|
| Yield: | 7¼%
|
| Spread: | Treasuries plus 567.7 bps
|
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