Wind to start roadshow Monday for €3.2 billion equivalent notes

By Paul A. Harris

St. Louis, Nov. 12 - Italy's Wind Telecommunicazioni SpA will start a global roadshow on Monday for €3.2 billion equivalent of seven-year senior secured notes (expected ratings Ba2/BB-), according to market sources.

The expected tranche sizes are €2.5 billion and $1 billion.

Credit Suisse and Deutsche Bank are the global coordinators and joint bookrunners.

Banca IMI, Barclays Capital, BNP Paribas, Bank of America Merrill Lynch, Citigroup, Credit Agricole CIB, Goldman Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley, Natixis Bleichroeder, RBS Securities, UBS and UniCredit are also joint bookrunners.

The notes will come to market formatted according to the provisions of Rule 144A and Regulation S.

The notes will come with three years of call protection.

Proceeds, together with a new bank loan, will be used to refinance existing debt ahead of the planned acquisition of Wind's parent, Weather Group, by VimpelCom.

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