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GC Asia
EM loan bankers await Etisalat mandate
Loans bankers working on emerging market deals anticipate a slow burn of activity throughout January with cautious borrowers treading carefully.
Abu Dhabi telecommunications company Etisalat was expected to open the loan market in the Middle East with its long anticipated purchase of a 46% stake in Kuwaiti mobile phone operator, Zain. Barriers to the deal appear to have been swept aside with the dismissal of a legal challenge
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