DUBAI, June 9 Abu Dhabi's Etisalat
plans a bond issue worth up to 3.1 billion euros ($4.22 billion)
split into four tranches, according to a document from lead
arrangers provided on Monday.
The United Arab Emirates' largest telecom operator is
considering two dollar tranches of the bond, of probably five-
and 10-year tenors, plus two euro-denominated tranches of seven
and 12 years' duration.
This confirms the structure which sources told Reuters last
week the operator was planning.
Etisalat, which last month mandated banks for the bond
issue, may also issue a 30-year tranche, the document stated.
No time frame for the issue was given in the document.
Etisalat is meeting fixed income investors in London on Monday
and Tuesday, having already held roadshows in the Middle East,
Asia and continental Europe.
($1 = 0.7345 Euros)
(Reporting by Azza Al Arabi; writing by Matt Smith; Editing by