PTCL secures seven-year loan deal for Telenor acquisition

MG News | June 28, 2024 at 09:49 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

June 28, 2024 (MLN): Pakistan Telecommunication Company Ltd (PSX: PTC) has entered into seven years with one year grace period financing agreements with International Finance Corporation (IFC) led consortium for the purposes of financing the acquisition of Telenor Pakistan and Orion Towers (Private) Limited.

PTC shared the development in its notice to the Pakistan Stock Exchange (PSX) on Friday.

The consortium includes Silk Road Fund (SRF) and British International Investment (BII).

The loan of up to $400 million is to be paid in quarterly installments from second anniversary of the loan.

"The disbursement of financing thereunder shall occur following completion of conditions precedent specified in such financing agreements," the notice reads.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	177,594.74 302.82M	0.24% 428.21
ALLSHR	107,958.98 580.49M	0.29% 317.33
KSE30	52,849.40 80.51M	0.34% 178.59
KMI30	252,537.74 110.59M	0.43% 1077.21
KMIALLSHR	69,730.32 501.86M	0.46% 316.94
BKTi	49,982.46 8.65M	-0.00% -2.33
OGTi	36,989.76 22.50M	1.56% 566.72

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,540.00	78,915.00 76,745.00	360.00 0.47%
BRENT CRUDE	93.60	94.83 92.74	-0.18 -0.19%
RICHARDS BAY COAL MONTHLY	110.30	110.50 110.30	0.05 0.05%
ROTTERDAM COAL MONTHLY	125.25	125.25 125.25	1.50 1.21%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	86.64	87.51 85.80	-0.19 -0.22%
SUGAR #11 WORLD	17.60	17.89 17.16	0.08 0.46%