Nigerian banks reject the idea of converting Etisalat Nigeria’s USD-denominated portion of its debt into NGN
Etisalat Nigeria’s lenders have rejected the idea of converting its USD-denominated portion of its debt into NGN, according to unnamed banking sources. The USD portion is cUSD235mn. Banks are pushing for full loan settlement by Etisalat Group [ETEL.AD].
Etisalat (AD): AED17.70 as of 16 Mar. 2017, Rating: Neutral, TP: AED18.63/share, MCap: USD41,943mn, ETISALAT UH/ETEL.AD
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