Vimpelcom rings around for M&A deal, but Rosneft’s DCM absence leaves lenders wary

Russian telecoms firm Vimpelcom is negotiating a loan with banks to part-finance M&A activity in Italy. The loan is expected to be refinanced with bonds, but lenders are still wary after they being burned earlier this year when Rosneft did not refinance its record-breaking $31bn February loan with bonds in the first eight months of 2013, as had been widely expected.