By Colin Hanner
Chicago, June 14 – VimpelCom Holdings BV, a subsidiary of VEON Ltd., sold $1.5 billion of senior notes in two tranches on Wednesday, a market source said.
The smaller of the two tranches was $600 million of 3.95% four-year notes that priced at par, a market source said.
The second tranche was $900 million of 4.95% seven-year notes that priced at par.
Yields for both tranches mirrored price talk.
Proceeds of the new notes (Ba2//BB+) will be used to finance the purchase of notes in a tender offer launched on May 30, as well as for general corporate purposes.
Barclays, JPMorgan, ING and HSBC are joint bookrunners for the notes.
VimpelCom is a telecommunications and digital services provider based in Amsterdam. Its predecessor was Moscow-based OJSC VimpelCom.
| Issuer: | VimpelCom Holdings BV
|
| Amount: | $1.5 billion
|
| Description: | Notes
|
| Bookrunners: | Barclays, JPMorgan, ING and HSBC
|
| Trade date: | June 14
|
| Settlement date: | June 16
|
| Rating: | Moody’s: Ba2
|
| Fitch: BB+
|
|
|
| Notes due 2021
|
| Amount: | $600 million
|
| Maturity: | 2021
|
| Coupon: | 3.95%
|
| Price: | Par
|
| Yield: | 3.95%
|
|
|
| Notes due 2024
|
| Amount: | $900 million
|
| Maturity: | 2024
|
| Coupon: | 4.95%
|
| Price: | Par
|
| Yield: | 4.95%
|
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