Global Telecom’s Bangladesh unit issues $300m bond

: Tuesday, April 29 - 2014 @ 13:44

Egypt-based Global Telecom Holding has announced its Bangladeshi subsidiary, Banglalink Digital Communications Limited, has issued Bangladesh’s first international bond, Reuters has reported. Banglalink, wholly owned by Global Telecom, has priced a five-year $300m bond, Global Telecom said. “Banglalink intends to use the net proceeds from the offering to repay existing indebtedness and to finance capital expenditures,” it added.

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Tuesday, April 29- 2014 @ 13:44 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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