By Reshmi Basu
New York, July 27- Kyivstar GSM (B2/B) priced $265 million of five-year notes at par to yield 10 3/8%, according to a market source.
Part of the new issue was an exchange for its existing 12¾% bonds due 2005 while $135 million was new bonds.
Approximately $118 million bonds due November 2005 were exchanged for $130 million of the new bonds due 2009.
The total size of the deal is approximately $265 million.
Citigroup and Dresdner Kleinwort Wasserstein ran the books for the Rule 144A/Regulation S offering.
The company is a Ukrainian mobile-phone network operator owned by ASA Telenor of Norway.
| Issuer: | Kyivstar GSM
|
| Amount: | $265 million
|
| Issue: | Loan participation notes
|
| Maturity: | Aug. 17, 2009
|
| Coupon: | 10 3/8 %
|
| Issue price: | Par
|
| Yield: | 10 3/8%
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| Pricing date: | July 27
|
| Settlement date: | Aug. 17
|
| Bookrunners: | Citigroup, Dresdner Kleinwort Wasserstein
|
| Ratings: | Moody's: B2
|
| Standard & Poor's: B
|
| Distribution: | Rule 144A/Regulation S
|
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