January 26, 2011 / 7:57 AM / 7 years ago

Vimpelcom plans up to $2 bln Eurobond issues - source

MOSCOW, Jan 25 (Reuters) - Russian mobile company Vimpelcom VIP.N sets guidance at mid-swaps plus 437.5 basis points, plus or minus 12.5 basis points, for upcoming Eurobond issues worth up to $2 billion, a banking source told Reuters on Wednesday.

    Vimpelcom, which needs funds for a potential takeover bid worth more than $6 billion for Egyptian company Orascom Telecom ORTE.CA and Italian group Wind, plans 5-year and 10-year Eurobond issues.

    The company chosen Barclays Capital (BARC.L), Royal Bank of Scotland (RBS.L), BNP Paribas (BNPP.PA) and Citi (C.N) as arrangers, the source said earlier.

    Reporting by Yelena Fabrichnaya, writing by Katya Golubkova, editing by Toni Vorobyova

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