Global Telecom’s Bangladesh unit issues $300m bond

April 29, 2014 1:44 pm

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.