By Christine Van Dusen
Atlanta, Feb. 6 - OJSC VimpelCom priced a three-tranche issue of dollar notes due Feb. 13, 2019 and Feb. 13, 2023 and ruble notes due Feb. 13, 2018, a market source said.
The deal included $600 million of 5.2% notes due 2019 that priced at par to yield mid-swaps plus 395.6 bps. The notes priced tighter than talk, set at the mid-swaps plus 425 bps area.
The second dollar tranche totaled $1 billion of 5.95% notes due 2023 that priced at par to yield mid-swaps plus 390.9 bps. The notes were talked at a spread in the area of 425 bps over mid-swaps.
The third tranche - RUB 12 billion of 9% notes due 2018 - priced at par to yield 9%.
Barclays, Citigroup, ING and RBS were the bookrunners for the Rule 144A and Regulation S deal.
VimpelCom is an Amsterdam-based 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: | OJSC VimpelCom
|
| Description: | Senior notes
|
| Bookrunners: | Barclays, Citigroup, ING, RBS
|
| Trade date: | Feb. 6
|
| Settlement date: | Feb. 13
|
| Distribution: | Rule 144A/Regulation S
|
|
|
| Amount: | $600 million
|
| Maturity: | Feb. 13 2019
|
| Coupon: | 5.2%
|
| Price: | Par
|
| Yield: | 5.2%
|
| Spread: | Mid-swaps plus 395.6 bps
|
| Price talk: | Mid-swaps plus 425 bps area
|
|
|
| Amount: | $1 billion
|
| Maturity: | Feb. 13, 2023
|
| Coupon: | 5.95%
|
| Price: | Par
|
| Yield: | 5.95%
|
| Spread: | Mid-swaps plus 390.9 bps
|
| Price talk: | Mid-swaps plus 425 bps area
|
|
|
| Amount: | RUB 12 billion
|
| Maturity: | Feb. 13, 2018
|
| Coupon: | 9%
|
| Price: | Par
|
| Yield: | 9%
|
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