On The Money - In Brief

Mergers, Acquisitions and Financial Results

  -   Al–Mal newspaper reports that Orascom Telecom Holding is considering a LE1.6 billion bond issue to be concluded in September 2004. The probable bond issue would be split in two tranches, the first one pertaining to LE700 million, and the second valued at USD150 million. OTH management have yet to comment on the associated matter, however a bond issue would most likely be undertaken for the purpose of rescheduling existing debt, and / or for the financing of a new cellular license.