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Etisalat Not Keen to Issue Bonds Now
ABU DHABI — Etisalat is currently not keen to pursue the proposal to issue $1.8 billion bond announced by it late last year, as it is not facing any fund shortage.
“Even when we announced the proposal last year it was tentative. We had said that we will be exploring the possibilities. But now we have enough money to fund our activities including the ongoing expansion and acquisition plans,’’ Ahmed bin Ali, senior vice president, corporate communications of Etisalat told Khaleej Times here.
“But we will consider the proposal again in future, if the situation demands. When I say future, I’m not giving you a time-frame. We will evaluate the situation and if find the need for tapping the market for funds, we will go for it,’’ he said. — ramavarman@khaleejtimes.com
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