Egypt’s Etisalat Misr raising loan with ‘UAE pricing’
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Egypt’s Etisalat Misr raising loan with ‘UAE pricing’

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The Egyptian subsidiary of Abu Dhabi telecoms firm Etisalat is raising a $278m loan described as having “UAE pricing” because — despite the currency risks involved in Egyptian loans — the deal is secured by the borrower’s offshore foreign currency revenues, according to bankers.

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