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GB Corp’s Drive raises EGP 1.47 bn in fresh securitization
This is the second time this month the GB Corp subsidiary has taken to the securitization market
Soda ash cash
The government’s soda ash project is still a go: The state-ownedcompany leading a project to build a soda ash complex…
EBRD delivers on UMC’s USD 50 mn loan, mulls two loans to aiBank
The lender is weighing two loans to aiBank worth USD 35 mn for on-lending to agribusiness and green projects
GB Corp’s Drive closes EGP 1.4 bn securitized bond issuance
The issuance is the first in a three-year EGP 5 bn securitization program
FinMin looks to India for potential bond offering, could tap up to USD 1 bn in separate “sustainability bonds” next year
Egypt has been shut out of Western capital markets, forcing it to turn to to more unconventional sources of finance
Budget deficit almost doubles in 1Q FY 23-24
Public finances are being squeezed by rising borrowing costs, which has caused the government’s interest bill to spike 120% y-o-y
CIB secures USD 148 mn in financing from AfDB to support SMEs
The African Development Bank (AfDB) has approved a USD 148 mn financial package for CIB, which will be used to…
We have a lot of foreign debt to repay next year
That’s more than a quarter of the country’s total external debt
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