Russia's Vimpelcom taps eight banks for benchmark dollar issue

By Aaron Hochman-Zimmerman

New York, April 17 - OJSC Vimpelcom (Ba2/BB+) announced it will offer a benchmark-sized, dollar-denominated bond, according to a market source.

ABN Amro, Barclays, BNP Paribas, Calyon, Citigroup, HSBC, ING and UBS will act as bookrunners for the Rule 144A and Regulation S deal.

A roadshow will be held in Los Angeles, New York, Boston and London between April 21 and April 24.

Proceeds will be used to refinance the company's bridge facility obtained as part of the acquisition of Golden Telecom Inc.

Vimpelcom is a Moscow-based wireless telecommunications services company.

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