Mobily concludes a further US$280 million loan facility from NSN

Nokia Solutions and Networks (NSN) and Mobily have entered a MoU that will facilitate an additional long-term export credit of US$280 million with Finnvera, Finnish Export Credit (FEC), and lenders Credit Agricole, Deutsche Bank and Societe Generale. This credit will help Mobily purchase advanced solutions and services from NSN.

The Finnish export credit agency Finnvera and its subsidiary Finnish Export Credit (FEC) have issued their guarantee and financing offers. Mobily has mandated Credit Agricole, Deutsche Bank and Societe Generale to structure and arrange for Shariah compliant financing.