Etisalat appoints banks for international bond sale

SourceArab News
SectorFinancial Services
CountryMiddle east

RIYADH: Etisalat, the UAE’s largest telecom company has appointed banks to organize investor meetings ahead of a bond sale. BNP Paribas, First Abu Dhabi (FAB), HSBC and Societe Generale were appointed to arrange calls with investors about euro-denominated bonds, Al Arabiya reported citing an investor document. The sale would comprise two tranches for a period of 7 years and 12 years, the document revealed.

Etisalat said on Tuesday that it mandated banks to organize fixed income investor meetings, commencing May 4, 2021. DUBAI: Dubai property prices have now been stable for three months on the trot – the first time that has happened in five years, notes Tellimer. “Visa and ownership rules have no doubt moved in the right direction and may be underpinning the stabilization in completed real estate prices in both Dubai and Abu Dhabi,” the research company said in a note to clients on Tuesday. A slew of positive indicators have emerged from the UAE...read more...