December 6, 2017 / 4:03 PM / 6 months ago

MTN Ghana to sign 510 mln cedi syndicated loan via Ecobank

ACCRA, Dec 6 (Reuters) - MTN Ghana (IPO-MTN.GH) will sign a 510 million cedi ($112 million) syndicated loan facility arranged by Ecobank, sources close to deal told Reuters on Wednesday.

The medium-term facility, which will be signed on Thursday, has been raised from nine banks and was oversubscribed by 590 million cedis, the sources said. (Reporting by Christian Akorlie; Editing by Tim Cocks and Mark Potter)

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