1 Jun 2009, REUTERS
HONG KONG: Standard Chartered Bank could underwrite up to $5 billion to back Bharti Airtel Ltd's $23 billion tie-up with South African telecom operator MTN Group Ltd, banking sources said.
The sources said that StanChart was expecting to underwrite the full amount of the financing for the proposed deal, or as much as $5 billion. If it materialises, StanChart is expected to syndicate it, the sources said.
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