Article: Mashreqbank & WestLB announce successful closure of AED 3 billion syndicated loan facility for du

Mashreq and WestLB AG, acting as Mandated Lead Arrangers and Bookrunners today announced the successful closure of an AED 3 billion syndicated term loan facility for leading telecoms provider, du (Emirates Integrated Telecommunications Company PJSC).

The deal represents the debut debt offering for the UAE's second telecommunications operator a three year facility that will help finance du's mobile and fixed network expansion.

Mr. Osman Sultan, CEO, du said "With the global credit markets all experiencing significant pressure, we are especially pleased to see the level of international and regional participation into this syndication which shows the confidence that has been placed by the ...

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