Kuwait's MTC seeks $5bn loan for M&A

January 20, 2006 12:00 am

Kuwait's Mobile Telecommunications Co (MTC) wants to raise a $5bn five year syndicated loan and is understood to have asked six banks for underwriting commitments of $850m by the end of January, EuroWeek has learned. MTC says it will use the $5bn revolving term loan to pay for further acquisitions.

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