Kuwait’s Zain seeks new loan as $867m facility nears maturity - Al Arabiya News:
"Kuwait’s Zain has sought proposals from banks for a loan worth hundreds of millions of dollars, two banking sources said on Tuesday, as the telecom company raises cash before an existing $867 million debt facility matures.
The No. 5 telecom operator in the Gulf Arab region by market value has invited lenders to participate in the deal and for their views on what likely interest rate it would pay for securing the loan, the bankers said, speaking on condition of anonymity as the information is not public.
“Zain is often discussing potential new loans to finance possible expansion opportunity purposes and general corporate needs, as well as trying to refinance existing loans at better rates and conditions for the group and its operations,” a Zain spokesman said in an emailed response."
'via Blog this'
No comments:
Post a Comment