A number of banks have been mandated to look into a USD3.66 billion syndicated loan for Russian mobile giant Vimpelcom, Reuters reports. ING is acting as co-ordinator of the loan and has been mandated to lead the deal with Intesa Sanpaolo, BNP Paribas, Credit Agricole, Deutsche Bank, Barclays, Sberbank, Royal Bank of Scotland and Letter One (a subsidiary of Alpha Bank). The loan will support Vimpelcom’s reorganisation and help to refinance its Italian subsidiary Wind Telecomunicazioni’s EUR10 billion (USD13.57 billion) debt pile. The loan is expected to have a maturity of up to three years.
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