Etisalat lists $7bn bonds on Irish Stock Exchange
Abu Dhabi, May 22, 2014
Emirates Telecommunications Corporation (Etisalat), a leading telecoms operator in the Middle East, Asia and Africa, has completed the listing of its $7 billion Global Medium Term Note (GMTN) programme on the Irish Stock Exchange (ISE).
Under the programme, Etisalat can issue one or more series of conventional bonds in any currency and amount up to $7 billion, said a statement.
The listed bond programme has been rated by three credit ratings agencies with the following ratings: Moody’s Aa3 (outlook – stable); Standard and Poor’s AA- (negative/watch); and Fitch A+ (stable). - TradeArabia News Service