MANAMA: Emirates Telecommunications Corporation (Etisalat), the leading telecoms operator in the Middle East, Asia and Africa, has successfully completed the listing of its $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 $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).