Sunday, 22 October 2017 01:13 GMT
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UAE's du to receive USD270 m loan from banks

(MENAFN) Banking sources said that UAE telecom firm du will borrow as much as USD720 million, and has agreed on banks' terms to replace two existing debt facilities, according to Arabian Business



The two banking sources refused to give their names as the information is still not public



Also, du declined to comment when contacted by Reuters



Du will pay 140 basis points' interest rate for the new loan, over the London interbank offered rate (Libor)
UAE's du to receive USD270 m loan from banks