Banglalink to raise US60.5M in bonds - Mobile World Live

Banglalink to raise US60.5M in bonds

03 DEC 2009

Bangladesh’s second-largest mobile operator by subscribers, Banglalink, is set to raise BDT4.25 billion (US$60.5 million) through issuing bonds, notes TeleGeography, citing an article intThe Financial Express (FE). The cellco, controlled by Egypt’s Orascom Telecom, has received the green light from the Securities and Exchange Commission (SEC) to raise the funds through private placement, an SEC official told the FE. Mobile market leader GrameenPhone carried out a private placement of a similar value last year.

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