Vimpelcom braves weak market for new bond
Vimpelcom is planning a long five and long 10 year Eurobond to be priced on Wednesday or Thursday. Barclays Capital, BNP Paribas, Citi, HSBC, ING and Royal Bank of Scotland are arranging the RegS/144a bond.
Investor calls are being conducted on Wednesday, and price guidance is 6.25% area for the five year note and 7.625% for the 10 year.
The bond will be used to refinance a $2bn bridge loan extended to Vimpelcom by the same six banks, as well as for general corporate
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