Etisalat lists US$7 billion worth of bonds on Irish Stock Exchange

Etisalat announced the successful completion of the listing of its US$7 billion Global Medium Term Note (GMTN) Programme on the Irish Stock Exchange.

Under the programme, Etisalat can issue one or more series of conventional bonds in any currency and amount up to US$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).