OTA secures extra funds
Orascom Telecom Algerie (OTA), the mobile services subsidiary of Orascom Telecom, has secured $307 million of additional long-term funding to finance existing euro-denominated debt and future investment. The facilities, which were arranged by Calyon and Citibank, have a five-year maturity and comprise an Algerian dinar-denominated tranche for the equivalent of $103 million and two dollar-denominated tranches, one of $137 million, which is guaranteed by the French export credit agency ...
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