News Column

Etisalat plans €3.1 billion ?bond issue

June 10, 2014

Etisalat plans a bond issue worth up to €3.1 billion ($4.22 billion) split into four tranches, according to a document from lead arrangers provided on Monday.

The UAE's largest telecom operator is considering two dollar tranches of the bond, of probably five- and 10-year tenors, plus two euro-denominated tranches of seven and 12 years' duration. This confirms the structure which sources told Reuters last week the operator was planning.

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Source: Khaleej Times (United Arab Emirates)

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