Vimpelcom buys back bonds after settling Kyivstar dispute
Russian communications firm Vimpelcom enticed the level of interest it was hoping for in a buyback of 2011 and 2013 issues, despite a rise in their market prices while the offer was open, which trimmed the premium offered as an incentive.
It will buy back nearly a quarter of its 2011 and 2013 bonds $315m of a total $1.3bn after the buyback offer was left open two weeks longer than anticipated.
Vimpelcom initially gave investors one week to submit offers. But with an announcement imminent that it
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