FINANCIAL NEWS

Egypt’s Mobinil mulls $180m bond issue

08 Sep 2010

(MENAFN) The Chief Executive Officer at Mobinil, Egypt’s biggest mobile firm by subscribers, said that the company is considering issuing bonds with a value of $180 million, Reuters reported.

Mobinil issued $270 million in bonds in January. The firm’s underwriter said the issue’s first tranche, worth $255 million, was oversubscribed by 1-1/2 times, and the second tranche in excess of 11.4 times.

The bonds had a five-year maturity with a fixed annual yield of 12.25 percent.

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more

This site is registered on wpml.org as a development site.