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Oger Telecom's Turkish unit seeks $4.75bn loan
- United Arab Emirates: Monday, March 11 - 2013 at 06:43
The Turkish unit of Dubai-based Oger Telecom has launched Turkey's biggest loan in at least five years seeking $4.75bn in the international market, Reuters has reported, citing bankers close to the deal. Fixed-line and mobile communications provider Ojer Telekomunikasyon will refinance a $4.3bn deal from August 2007, which was heavily oversubscribed and saw the company lower the interest rate to 240 basis points (bps) from 275 bps, the bankers said. Saudi Telecom holds a 35% stake in Oger Telecom.
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