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Etisalat hires banks for planned dual-tranche euro bond issuance

Etisalat hires banks for planned dual-tranche euro bond issuance
Etisalat has hired banks to arrange an investor call for euro bond issuance
Etisalat
ETISALAT
0.75% 21.46 0.16

Abu Dhabi – Mubasher: Emirates Telecommunications Group (Etisalat) has hired banks to arrange an investor call for a planned euro-denominated bond issuance of seven and 12 years, Reuters reported.

The hired banks comprise BNP Paribas, First Abu Dhabi Bank (FAB), HSBC, and Societe Generale to act as joint lead managers and bookrunners, as shown by a cited document issued by one of the banks.

It is noteworthy to mention that during the first quarter (Q1) of 2021, Etisalat's net profits attributable to the shareholders increased by 7.9% to AED 2.34 billion, compared with AED 2.17 billion in Q1-20.