403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
UAE's Etisalat aims to raise USD 2bn loan
(MENAFN) UAE-based Etisalat plans to raise USD 2bn loan despite the telecommunications firm having the funds confirmed with a group of regional and global banks.
Furthermore, the firm was amid a number of local firms which would secure funding in current months on the expectation that higher U.S rates would push up.
The company was seeking a three-year loan which would be planned as a revolving credit facility and used as a back-up line of credit.
Additionally, a group of 10 regional and global banks confirmed to fund the USD 2bn amount, with both sources stating the loan was due to close shortly.
Furthermore, the firm was amid a number of local firms which would secure funding in current months on the expectation that higher U.S rates would push up.
The company was seeking a three-year loan which would be planned as a revolving credit facility and used as a back-up line of credit.
Additionally, a group of 10 regional and global banks confirmed to fund the USD 2bn amount, with both sources stating the loan was due to close shortly.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Comments
No comment