VOL. XLIII

No. 37

11-September-2000

JORDAN

Jordans New Mobile Phone Operator Announces $116Mn Syndicated Bridging Loan

Jordans new cellular phone operator, MobileCom, announced on 29 August that it had secured a dual currency bridging loan worth $116mn to fund the countrys second GSM network and to meet general financing needs. The loan is composed of a $60mn tranche and a JD40mn ($56mn) tranche. Arab Bank was mandated to lead-arrange the dinar tranche and was joined by 12 other local banks as...