Reuters: Financial Services and Real Estate: MegaFon may issue Eurobond to refinance loan - CEO

Reuters: Financial Services and Real Estate Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

MegaFon may issue Eurobond to refinance loan - CEO May 14th 2012, 12:34 MOSCOW | Mon May 14, 2012 8:34am EDT MOSCOW May 14 (Reuters) - MegaFon, Russia's No.2 mobile operator, may issue a Eurobond to refinance the loan it took from Western banks last month, Chief Executive Ivan Tavrin told Reuters on Monday. "We are in preparations now, we are preparing the prospectus," he told Reuters on the sidelines of a conference. Last month, MegaFon took $4.5 billion in separate loans from Russian and Western lenders to help finance a buyout of Mikhail Fridman's 25.1 percent stake. As part of that, MegaFon took out a $2 billion loan for six months from Citibank, BNP Paribas and Barclays, with an option to extend the loan by another six months. It also obtained a credit line of up to $1.5 billion from state-controlled lender Sberbank, and raised another $1 billion from Gazprombank. Tavrin added that the timing of Eurobond issue will depend on the decision of MegaFon's initial public offering. (Reporting by Anastasia Teterevleva, writing by Katya Golubkova; editing by Megan Davies)

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions