Wind Plans EUR500 Million Equivalent Feb 2018 Senior Secured Bond
April 03 2012 - 7:38AM
Dow Jones News
Wind Telecomunicazioni Spa, through Wind Acquisition Finance
SpA, plans a EUR500 million equivalent dual-currency bond maturing
February 2018.
The senior secured bond, denominated in dollars and euros, has
the same terms of the company's existing 7.375% (in euros) and
7.25% (in dollars) February 2018 bond. As the new notes will not be
interchangeable with the old ones, the issue is called a "mirror"
issue and is not a "tap".
Deutsche Bank AG, BNP Paribas SA, Banca IMI SpA, Barclays PLC,
Credit Suisse, ING and Societe Generale SA are lead managers of
this issue, which is expected to price Wednesday.
Wind Telecomunicazioni SpA is owned by Russian telecommunication
operator Vimpelcom Ltd. (VIP)
The bond will be used to repay existing debt and for general
corporate purposes. Ratings are Ba3 from Moody's Investors Service
Inc. and BB from Standard & Poor's Corp.
-By Serena Ruffoni, Dow Jones Newswires; +44 (0) 207 842 9349;
serena.ruffoni@dowjones.com
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