Update 1-mtn ghana to sign 510 mln cedi syndicated loan via ecobank

Update 1-mtn ghana to sign 510 mln cedi syndicated loan via ecobank.
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(Adds details, background) 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 the 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. MTN Ghana in 2012 raised $300 million from a similar loan to finance network expansion, but this was repaid by the end of May t…
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