Eighteen banks from across the world help Banque Misr raise USD 1 bn loan: Banque Misr has signed a USD 1 bn senior unsecured syndicated term loan facility with a syndicate of 18 banks from across Europe, the Middle East, Asia, and Africa, Hapi Journal reports. The two-year facility with an option to extend for an additional 12 months was led by Mashreq Bank and Emirates NBD Capital, who acted as joint coordinators, lead arrangers, and bookrunners.

The breakdown: Middle Eastern banks contributed 72% of the total liquidity for the loan, which was 1.8x oversubscribed. The transaction was completed within 40 days.

What’s the money for? The fresh funds will go towards working capital and refinance existing facilities.

IFC COULD GRANT USD 30 MN IN FINANCING TO ATTIJARIWAFA BANK-

Attijariwafa could be in line for USD 30 mn in financing from the IFC: The International Finance Corporation (IFC) is looking into granting Attijariwafa Bank Egypt with a total of USD 30 mn in financing, according to an IFC disclosure. The financing will be split between a subordinated loan of up to USD 20 mn and the local currency equivalent of a USD 10 mn unfunded risk sharing facility to support the bank’s lending program to small and medium enterprises (SMEs).

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