UAE-based Etisalat is reportedly eyeing a US$2bn loan, likely to be in the form of a revolving credit facility.
UAE-based Etisalat (ADX:ETISALAT) is reportedly eyeing a US$2bn loan, likely to be in the form of a revolving credit facility.
The telco is currently talking to banks and hopes to close the transaction in Q1 2016, according to Reuters.
Etisalat would join other regional companies taking out loans against the backdrop of an expected rise in US interest rates, and falling oil prices.
A spokesperson for Etisalat could not be reached before the press deadline.
The company last went to the debt market in April, when it issued US$500m in bonds under its global medium-term note programme.
Etisalat claims to have 169 million subscribers in the Middle East, Africa and Asia.