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Article: MLAs chosen for Etisalat debt.(mandated lead arrangers for Etisalat International)(Brief Article)
- Article from:
- MEED Middle East Economic Digest
- Article date:
- August 12, 2005
CopyrightCOPYRIGHT 2005 MEED Middle East Economic Digest. All Rights Reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A seven-strong group of mandated lead arrangers (MLAs) has been appointed on the $2,114 million Islamically structured murabaha facility to fund the acquisition by Etisalat International, part of Emirates Telecommunications Corporation (Etisalat), of 90 per cent of Pakistan Telecommunications Company. HSBC Amanah led the bridge financing, which has a tenor of 18 months. The other MLAs are: Barclays Capital, Calyon, Citigroup, Deutsche Bank, National Bank of Abu Dhabi and National Bank of Dubai. Dubai Islamic ...