Etisalat appoints banks for international bond sale

Etisalat said on Tuesday that it mandated banks to organize fixed income investor meetings, commencing May 4, 2021. (Shutterstock)

• The sale would comprise two tranches for a period of 7 years and 12 years

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.