{"id":557459,"date":"2021-09-20T04:00:56","date_gmt":"2021-09-20T04:00:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/20\/banque-misr-borrows-usd-1-bn-from-intl-syndicate\/"},"modified":"2021-09-20T04:00:56","modified_gmt":"2021-09-20T04:00:56","slug":"banque-misr-borrows-usd-1-bn-from-intl-syndicate","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/20\/banque-misr-borrows-usd-1-bn-from-intl-syndicate\/","title":{"rendered":"Banque Misr borrows USD 1 bn from int'l syndicate"},"content":{"rendered":"

Banque Misr has obtained a syndicated loan worth about <\/strong>USD 1 bn<\/strong>,the bank announced in a statement (pdf)<\/a>. The three-year loan will be used to refinance existing debts and expand its loan portfolio, it said. Sources told CNBC Arabia<\/a> last month that the bank will use the proceeds to pay off USD 550 mn which the bank had borrowed back in 2018<\/a> from foreign lenders to improve USD liquidity.<\/p>\n

Banque Misr was met with huge demand among international banks:<\/strong> Originally intending to raise USD 550 mn, the bank received bids worth USD 1.2 bn. Twenty-two banks from 11 countries participated in the loan.<\/p>\n","protected":false},"excerpt":{"rendered":"

Banque Misr has obtained a syndicated loan worth about USD 1 bn,the bank announced in a statement (pdf). The three-year loan will be used to refinance existing debts and expand its loan portfolio, it said. Sources told CNBC Arabia last month that the bank will use the proceeds to pay off USD 550 mn which […]<\/p>\n","protected":false},"author":1,"featured_media":557460,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7274],"tags":[204,576,88,72,76],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-557459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-banking","tag-banque-misr","tag-debt-watch","tag-enterpriseam","tag-financial-regulatory-authority","wpautop","entry"],"acf":{"mongo_id":"2ea53380-50a9-433d-87e2-f5b5770ad4d2","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/9\/268.jpg","photo_position":"above","related_issue":[557453],"teaser":"","voice_url":""},"yoast_head":"\nBanque Misr borrows USD 1 bn from int'l syndicate - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/20\/banque-misr-borrows-usd-1-bn-from-intl-syndicate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banque Misr borrows USD 1 bn from int'l syndicate\" \/>\n<meta property=\"og:description\" content=\"Banque Misr has obtained a syndicated loan worth about USD 1 bn,the bank announced in a statement (pdf). The three-year loan will be used to refinance existing debts and expand its loan portfolio, it said. Sources told CNBC Arabia last month that the bank will use the proceeds to pay off USD 550 mn which […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/20\/banque-misr-borrows-usd-1-bn-from-intl-syndicate\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-20T04:00:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/268.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/20\/banque-misr-borrows-usd-1-bn-from-intl-syndicate\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/20\/banque-misr-borrows-usd-1-bn-from-intl-syndicate\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Banque Misr borrows USD 1 bn from int'l syndicate\",\"datePublished\":\"2021-09-20T04:00:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/20\/banque-misr-borrows-usd-1-bn-from-intl-syndicate\/\"},\"wordCount\":107,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/20\/banque-misr-borrows-usd-1-bn-from-intl-syndicate\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/9\/268.jpg?fit=%2C&ssl=1\",\"keywords\":[\"banking\",\"Banque Misr\",\"debt watch\",\"EnterpriseAM\",\"Financial Regulatory Authority\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/20\/banque-misr-borrows-usd-1-bn-from-intl-syndicate\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/20\/banque-misr-borrows-usd-1-bn-from-intl-syndicate\/\",\"name\":\"Banque Misr borrows USD 1 bn from int'l syndicate - 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Vice Chairman Akef El Maghraby had said last month that the bank was seeking a loan of the same amount \u201cto improve\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567650,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/02\/whos-in-the-market-for-debt-2\/","url_meta":{"origin":557459,"position":2},"title":"Who\u2019s in the market for debt?","author":"enterpriseam admin","date":"2 December 2020","format":false,"excerpt":"Banque du Caire is getting USD 30 mn in tier-two capital under a financing agreement with German development bank KfW\u2019s Sanad fund, Hapi journal reports. The facility, the final agreement for which Banque du Caire and Sanad signed yesterday, will be used for on-lending to SMEs and farmers. 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Some USD 326 mn will be used to\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/233.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553911,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/13\/gulf-banking-syndicate-disburses-usd-3-bn-loan-to-egypt-govt\/","url_meta":{"origin":557459,"position":4},"title":"Gulf banking syndicate disburses USD 3 bn loan to Egypt gov\u2019t","author":"enterpriseam admin","date":"13 December 2021","format":false,"excerpt":"The Gulf banking syndicate that agreed last month to lend USD 3 bn to the Egyptian government has disbursed the funding, Al Shorouk reports, citing unnamed sources. The three-year loan is being arranged by First Abu Dhabi Bank and Emirates NBD, and is split 50-50, with USD 1.5 bn allocated\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/319.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578632,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/09\/newly-introduced-25-cds-see-massive-demand-in-first-two-days-big-two-bag-usd-700-mn-facility\/","url_meta":{"origin":557459,"position":5},"title":"Newly introduced 25% CDs see massive demand in first two days + Big Two bag USD 700 mn facility","author":"enterpriseam admin","date":"9 January 2023","format":false,"excerpt":"The newly released 25% certificates of deposit have raked in almost EGP 100 bn in a matter of days \u2014 and the two state banks offering them have reportedly secured a major loan to meet local demand for hard currency.Savers poured nearly EGP 100 bn into newly introduced record-high yield\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/113.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=557459"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557459\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/557453"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/557460"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=557459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=557459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=557459"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=557459"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=557459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}