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Utico urges debt holders to vote scheme in

Utico CEO Richard Menezes (far left) and Asar Mashkoor, managing director of investment banking at Emirates NBD Capital, addressing medium term noteholders at a townhall on Monday.


MIDDLE Eastern utility firm Utico on Monday sought to get medium term note (MTN) holders to vote for its scheme, while cautioning them about Aqua Munda's lack of transparency in its offer to pay upfront for their debt albeit at steeper discounts.

At a two-hour townhall...