Middle East loans start to surface but telecoms pricing could sink deals

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Middle East loans start to surface but telecoms pricing could sink deals

Issue: 1243 - 24 February 2012

After a lacklustre start to the year, deal flow in the Middle East has begun to perk up as both Abu Dhabi mobile operator Etisalat and Dubai port operator DP World consider new facilities. But Etisalat could struggle to find liquidity for a $2bn syndicated loan as pricing remains a sticking point for lenders, bankers have warned. ..

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