VOL. XLII
No. 02
11-January-1999
UAE
Thuraya Awards Mandate For $600Mn Loan
The Abu Dhabi-based Thuraya Satellite Telecommunications Companyannounced on 27 December 1998 that it had awarded a mandate to a syndicate of banks toarrange a $600mn seven-year loan facility. The four lead arrangers in the syndicate arethe Abu Dhabi Islamic Bank, Australia and New Zealand Banking Group, Frances SocieteGenerale and the UAEs Union National Bank. A $100mn tranche of the loan will bemanaged by Abu Dhabi...
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