December 26, 2017 / 6:09 AM / 10 months ago

BRIEF-Global Telecom Unit Banglalink Enters into BDT 29.3 BLN Financing Facility

Dec 26 (Reuters) - GLOBAL TELECOM HOLDING:

* BANGLALINK ENTERS INTO A NEW FLOATING RATE TERM FACILITIES AGREEMENT APPROX. $353 MILLION (BDT 29.3 BILLION) DIVIDED IN TWO TRANCHES

* SAYS FIRST TRANCHE APPROX. $129 MILLION (BDT 10.7 BILLION) HAS A THREE-YEAR TENOR AND SECOND TRANCHE APPROX. $224 MILLION (BDT 18.6 BILLION) HAS A FIVE-YEAR TENOR‍​

* TL INCLUDES AN OPTION TO INCREASE AMOUNT OF FACILITIES UP TO A TOTAL AMOUNT OF BDT 40 BILLION Source:(bit.ly/2kY9nBB) Further company coverage:

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