Etisalat completes listing of USD 7 Billion Global Medium Term Note (GMTN) programme on Irish Stock Exchange

Press release

Published May 25th, 2014 - 05:14 GMT

Al Bawaba

Emirates Telecommunications Corporation (“Etisalat”), the leading telecoms operator in the Middle East, Asia and Africa, has successfully completed the listing of its USD 7 billion Global Medium Term Note (GMTN) Programme on the Irish Stock Exchange (ISE).

Under the programme, Etisalat can issue one or more series of conventional bonds in any currency and amount up to USD 7 billion.

The listed bond programme is being rated by three Credit Ratings Agencies with the following ratings: Moody’s Aa3 (outlook – stable); Standard and Poor’s AA- (outlook – negative/watch); and Fitch A+ (outlook – stable).

Background Information

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etisalat has deployed many innovative technologies and services to remain at the leading edge of customer experience.
etisalat’s senior leaders understands the need to continue its investments in building the networks of the future because the positive effects filter down to the rest of the economy. Today, the UAE boasts of an excellent telecoms ecosystem, capable of driving successes across industries and sectors.