Telekom Srbija completes debut USD700m loan for Srpske purchase

8 May 2007

Serbia’s Telekom Srbija has successfully completed its debut USD700 million syndicated loan financing for the acquisition of a 65% stake in Bosnian telco Telekom Srpske. The syndication of the loan was significantly over subscribed, according to the lead bank, Citigroup, with twelve banks agreeing to join the facility. The loan was arranged and fully underwritten by Citigroup, with the signing expected in the second half of May.

Bosnia and Herzegovina,Telekom Srbija (MTS), Telekom Srpske (m:tel),

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