Wednesday 11 June 2014

Etisalat plans to sell four-tranche bond as early as Wednesday | GulfNews.com

Etisalat plans to sell four-tranche bond as early as Wednesday | GulfNews.com:



"Abu Dhabi-based telecoms operator Etisalat is planning to sell a four-tranche debut bond issue denominated in both dollars and euros as early as Wednesday, a document distributed by lead arrangers said.



Meetings with fixed income investors were scheduled to conclude in London yesterday, with a transaction slated for today, the document said.



It also reiterated that Etisalat plans to divide the bond issue into four portions — two dollar tranches of five- and 10-year lifespan, plus two euro-denominated tranches of seven and 12 years’ duration."



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