Mobilink completes $250 million debt offer

Mobilink has completed its first ever high-yield debt offering of $250 million. ABN Amro and Deutsche Bank were lead arrangers. The seven-year bond was 15-time oversubscribed when the order book closed with over 230 investors from 29 countries.
Accor-ding to reports Mobilink, which is 88.7 percent owned by Egypt's Orascom Telecom, would use the proceeds of the bond for capital expenditure and to refinance bridging facilities of up to $100 million.