DUBAI: Dubai's Emirates Integrated Telecommunications Co, or du, said yesterday that it had secured a $ 500 million, five-year club debt facility to fund its medium-term capital expenditure.

Abu Dhabi Commercial Bank acted as senior mandated lead arranger for the facility, with National Bank of Abu Dhabi and Samba Financial Group Du said the club debt facility was priced at a 1.75 percent margin over the London Interbank Offered Rate.

Last week du said it had signed a $ 100 million, three-year loan facility with Singapore's DBS Bank to fund its capital investment plans.