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12-06-14

Abu Dhabi's Etisalat launches USD4b bond

(MENAFN) Abu Dhabi-based telecoms operator Etisalat has recently launched a USD4.27 billion debut bond after tightening the pricing across all sections, according to Arabian Business. Two of the four-euro tranches are estimated at USD3.26 billion; USD1.63 billion each, while both dollar bond portions were estimated at USD500 million each. Tightened pricing for the 7-year euro tranche was given at 80 bps over midswaps, while the 12-year euro bond was at 110 bps over midswaps.