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ETISALAT
ETISALAT
Emirates Telecommunications Corporation (Etisalat) added four banks to bookrunners for its possible debut bond, according to the Peninsula.
The banks included Bank of Tokyo-Mitsubishi UFJ, Morgan Stanley, National Bank Of Abu Dhabi and Natixis as passive bookrunners, in addition to Deutsche Bank, Goldman Sachs, HSBC and RBS, who are acting as the main bookrunners.
Proceeds from the bond sale will go for short-term debt under Etisalat’s ¤3.15bn ($4.3bn) multi-currency loan.
The group is planning to split its potential bond deal into four separate sections across two different currencies, two separate sources briefed by the company said.
The banks included Bank of Tokyo-Mitsubishi UFJ, Morgan Stanley, National Bank Of Abu Dhabi and Natixis as passive bookrunners, in addition to Deutsche Bank, Goldman Sachs, HSBC and RBS, who are acting as the main bookrunners.
Proceeds from the bond sale will go for short-term debt under Etisalat’s ¤3.15bn ($4.3bn) multi-currency loan.
The group is planning to split its potential bond deal into four separate sections across two different currencies, two separate sources briefed by the company said.
Source:
Mubasher
