Wataniya completes local GSM financing
Kuwait-based Wataniya Telecomhas closed the $490 million medium-term financing for its local mobile services subsidiary, Wataniya Telecom Algerie (WTA), known as Nedjma. The three-tranche financing package was structured and led by Citigroupand is to be repaid over seven years. The margin on the loans will be based on a central bank discount rate of 4 per cent. The financing is made up of: a $206 million local tranche, including Eur 107 million ...
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