du secures $1.7b in refinance, loans
United Arab Emirates telecommunications firm du has borrowed $1.17 billion in three separate deals to refinance existing debt and fund equipment purchases, the company said on Tuesday. The deals include a $720 million package reported by Reuters last month and agreements with Standard Chartered Bank and DBS Singapore to refinance and top up existing loans. “The move lowers the company’s funding costs, saving approximately $9 million over […]