Akin Gump Advises International Telecoms On Issues Totaling US$3.7 Billion

Thursday, September 1, 2011 - 01:00

Akin Gump Strauss Hauer & Feld LLP has advised leading international telecoms company VimpelCom Ltd on two Eurobond issues in 2011 with a combined value of US$3.7 billion.

The company's US$2.2 billion bonds, which closed at the end of June 2011, were issued by its subsidiary VimpelCom Holdings B.V. and guaranteed by OJSC Vimpel-Communications. The 3-year US$200 million floating rate notes bear an annual interest rate of 3 months US$ LIBOR plus 4.00 percent and is due in June 2014. The long five-year US$500 million issue has a coupon of 6.2546 percent and is due in March 2017. The long 10-year US$1.5 billion issue has a coupon of 7.5043 percent and is due in March 2022.

Lead managers for the financing included Barclays Bank PLC, BNP Paribas, Citigroup Global Markets Limited, HSBC Bank plc, ING Bank N.V. and The Royal Bank of Scotland plc.

Akin Gump partners Dan Walsh, Fred Heller and Robert Aulsebrook led the team advising VimpelCom assisted by Alex Lemke and Katie Spencer.

Suzanne Cochran has joined Akin Gump Strauss Hauer & Feld LLP as a consultant in the firm's health industry practice. Previously, Ms. Cochran served as chair of the Provider Reimbursement Review Board (PRRB), a position to which she was appointed by the secretary for health and human services.

In her role at Akin Gump, Ms. Cochran will advise clients on a host of Medicare regulatory and reimbursement issues, particularly as they relate to appeals before the PRRB of final determinations by fiscal intermediaries or the Centers for Medicaid and Medicare Services.

Ms. Cochran joins a growing practice that has also seen the recent additions of partners Chris Keough and Stephanie Ann Webster, both of whom focus on Medicare and Medicaid reimbursement issues.