Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE- Etisalat Signs EUR 3.15 Billion Facilities Agreement with 17 Banks  Join our daily free Newsletter

MENAFN - Qatar News Agency - 28/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Qatar News Agency) Abu Dhabi April 28 - Etisalat announced today the signing of a multi-currency club deal of EUR 3.15 billion with a group of seventeen international regional and local banks. The purpose of the financing is to fund the acquisition of the Vivendi's 53% stake in Maroc Telecom.

"Financing consists of two facilities which can be utilized in EUR and/or USD. Tranche A is a twelve months bridging loan amounting to EUR 2.1 billion at a price of EURIBOR plus 45 basis points for the first six months increasing by 15 basis points in each of he following three months. Tranche B is a three-years bullet term loan amounting to EUR 1.05 billion at a price of EURIBOR plus 87 basis point" the U.A.E. based telecommunications services provider said in a statement a copy of which was obtained by Qatar News Agency .

Utilisation of funds under the two facilities will take place at the closing of the transaction with Vivendi.

Vivendi SA is a French multinational mass media and telecommunication company headquartered in Paris France and Maroc Telecom is the main telecommunication company in Morocco.


 


Qatar News Agency




  MENA News Headlines
 Aug 30 2016 - How Can You Beat the Shark: The US Legal Battle of Pharma and BiotechMENAFN Press
(MENAFN Press) How Can You Beat the Shark: The US Legal Battle of Pharma and Biotech Jim Nelson Biosimilars Europe 2016 Regulatory guidance given at the SMi's 7 annual Biosimilars Europe ...

 Aug 30 2016 - Infectious Diseases Author and Novel Vaccine Pioneer, Dr Mahesh Kumar to Open Day 2 of Superbugs USA CongressMENAFN Press
(MENAFN Press) Infectious Diseases – Author and Novel Vaccine Pioneer, Dr Mahesh Kumar to Open Day 2 of Superbugs USA Congress Superbugs USA 2016 Zoetis to give exclusive update at Superbugs USA ...

 Aug 30 2016 - TouchstoneEnergy continues expansion into North America with new Downstream Trading customer acquisitionMENAFN Press
(MENAFN Press) TouchstoneEnergy continues expansion into North America with new Downstream Trading customer acquisition TouchstoneEnergy was approached by an energy trading company based in Texas ...

 Aug 30 2016 - Discrimination and Unequal Treatment of the Disabled Leads to Many Untimely DeathsMENAFN Press
(MENAFN Press) Discrimination and Unequal Treatment of the Disabled Leads to Many Untimely Deaths Jonathan Carey "Champion for the Disabled" Born September 12,1993 Killed by caregivers on February ...

 Aug 30 2016 - RightAnswers Selected in KMWorld Trend-Setting Products 2016MENAFN Press
(MENAFN Press) RightAnswers Selected in KMWorld Trend-Setting Products 2016 RightAnswers named to KMWorld Trend-Setting Products 2016 Innovations in RightAnswers Knowledge Management Software ...

 Aug 30 2016 - Focus on HVAC for upcoming projects in EgyptMENAFN Press
(MENAFN Press) Focus on HVAC for upcoming projects in Egypt The 2nd Annual HVAC Egypt Conference is taking place from 7 - 8 November 2016 in Cairo, Egypt. Officially endorsed by the ASHRAE Cairo ...

 Aug 30 2016 - Intratec Reveals Production Costs of Green Chemicals and BiofuelsMENAFN Press
(MENAFN Press) Intratec Reveals Production Costs of Green Chemicals and Biofuels New reports evaluate the economic feasibility of chemicals manufacturing through alternative, bio-based routes ...

 Aug 30 2016 - Proactive profit protection becoming critical for Middle East retailersMENAFN Press
(MENAFN Press) Proactive profit protection becoming critical for Middle East retailers Retailers across the Middle East are focused on transitioning their loss prevention functions from a support ...

 Aug 30 2016 - Herakles Farms: US Government Bullied Cameroon into Land Grab LeaseMENAFN Press
(MENAFN Press) Herakles Farms: US Government Bullied Cameroon into Land Grab Lease By exposing the dubious tactics of the US government, we hope that Cameroonian officials will side with the ...

 Aug 30 2016 - Bangladesh upholds Islamist tycoon's death sentenceGulf Times
(MENAFN - Gulf Times) Bangladesh's top court on Tuesday upheld the death sentence for a top tycoon and senior leader of the country's largest Islamist party, paving the way for his execution possibly ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help