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State banks get plenty of funding from global lenders
Banque du Caire (BdC) signed a financing agreement worth USD 200 mn with the African Export-Import Bank (Afreximbank), chairman and…
Palm Hills closes EGP 1.2 bn securitized bond sale
Palm Hills Development closed a fresh securitized bond issuance backed by a receivables portfolio of nearly EGP 1.2 bn, according…
USD 2 bn sovereign sukuk sale coming soon
The Finance Ministry wants to go forward with a USD 2 bn sukuk issuance at the beginning of the next…
Sovereign Sukuk Act gets early nod at the House
Sovereign sukuk get early House nod: The House of Representatives has approved “in principle” the long-awaited Sovereign Sukuk Act in…
Wadi Degla’s real estate arm plans to tap sukuk market next month
Wadi Degla Developments is planning a sukuk issuance worth nearly EGP 2 bn that will be managed by Contact Financial…
THIS EVENING- Egypt’s finance ministry isn’t tapping debt markets before the end of this month — and global markets are starting to get edgy about inflation
Good afternoon, friends, and welcome to the “setting the record straight” issue. We have lots and lots of news this…
Third tranche of JPMorgan railway loan coming soon + NBE seeks USD 1 bn syndicated loan for debt refinance
Egypt could get the third USD 335 mn tranche of a JPMorgan loan to finance the construction of two monorail…
IDH obtains USD 45 mn in financing from IFC
Consumer healthcare giant Integrated Diagnostics Holdings (IDH) has secured a USD 45 mn debt financing package from the International Finance…
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