Bond Market Highlights: VimpelCom (ВымпелКом)

Russia’s mobile phone operator VimpelCom (Russian: ВымпелКом) is currently holding talks with Egypt-based mobile group Orascom Telecom Holding SAE and Italian telecom operator Wind Telecomunicazioni SpA over merging the assets.

The deal will result in a significant increase of VimpelCom’s debt and has already triggered a surge in bond yields. VimpelCom’13 bonds have a yield of 5.473 percent, VimpelCom’16 – 6.376 percent and VimpelCom‘18 – 6.775 percent.   

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