Vimpelcom prices $1.5bn to fund identity transition

vimpelcom
By Virginia Furness
14 Jun 2017

Vimpelcom raised $1.5bn at its holding company level on Tuesday, as it looks to complete its transition into a more streamlined, western-looking borrowing entity. Though it appears to be looking to shake off its Russian associations, investors say the risk is still the same.

The dual tranche deal, and combined buy-back of operating company debt, is the latest development in the company’s bid to simplify its capital structure, said Dominik Boskamp, director of CEEMEA DCM at Barclays.

“We wanted to find ...

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