Global Telecom Holding (GTH) [GLTDq.L] has announced the entry into an unsecured short-term USD200mn loan agreement with Citi Bank and ING Bank to finance the company’s share buy-back programme. The loan agreement has an initial term of six months, extendable to 15 December 2017 and is priced at LIBOR plus 4% per annum for the initial term and LIBOR plus 5% per annum for the period from the expiry of the initial term to 15 December 2017, if the loan period is extended. Two of GTH’s fully owned subsidiaries, International Wireless Communications Pakistan Limited and Telecom Ventures Limited, will act as guarantors. (Company disclosure)   Global Telecom Holding: USD1.79 per GDR/ EGP7.38 per share as of 5 Feb. 2017, Rating: Buy, TP: USD2.93 per GDR/ EGP10.48 per share, MCap: USD1,880mn, GLTD LI/GLTDQ.L