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General

VimpelCom issues EUR 600 mln bond to pay off Wind debt

Friday 13 March 2015 | 08:31 CET | News
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VimpelCom has announced an offering of EUR 600 million senior secured notes with a view to reducing debt at its Italian operator Wind. The offering is to be issued by Wind Acquisition Finance (WAF) and guaranteed by Wind Telecomunicazioni (Wind) and comes in a combination of new euro-denominated Floating Rate Notes due 2020 and a tap issue of WAF's currently outstanding euro-denominated 4 percent Senior Secured Notes due 2020. The move comes after Wind recently recently announced new term loans and said it expects to close the EUR 693 million sale of its mobile tower unit to Spanish

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Categories: General
Companies: 3 Italia / Hutchison Whampoa / Vimpelcom / Wind
Countries: Italy
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