Etisalat hires banks for planned dual-tranche euro bond issuance

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.

Mubasher Contribution Time: 04-May-2021 10:14 (GMT)
Mubasher Last Update Time: 04-May-2021 10:14 (GMT)