{"id":573895,"date":"2020-08-23T04:13:08","date_gmt":"2020-08-23T04:13:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/23\/local-banks-joining-uaes-mashreq-in-arranging-usd-360-mn-loan-to-evergrow\/"},"modified":"2020-08-23T04:13:08","modified_gmt":"2020-08-23T04:13:08","slug":"local-banks-joining-uaes-mashreq-in-arranging-usd-360-mn-loan-to-evergrow","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/23\/local-banks-joining-uaes-mashreq-in-arranging-usd-360-mn-loan-to-evergrow\/","title":{"rendered":"Local banks joining UAE\u2019s Mashreq in arranging USD 360 mn loan to Evergrow"},"content":{"rendered":"

At least five banks \u2014 the National Bank of Egypt, Banque Misr, Suez Canal Bank, the Housing and Development Bank, and EG Bank \u2014 are participating in a USD 360 mn loan<\/a> the UAE\u2019s Mashreq Bank is arranging for Evergrow Speciality Fertilizers, reports Al Shorouk<\/a>. Evergrow will use the loan to restructure its debt and complete the third phase of its fertilizer plant in Sadat City. The Arab African International Bank, Banque du Caire, Al Ahli Bank of Kuwait, and HSBC are also mulling participating in the loan, according to the newspaper.<\/p>\n","protected":false},"excerpt":{"rendered":"

At least five banks \u2014 the National Bank of Egypt, Banque Misr, Suez Canal Bank, the Housing and Development Bank, and EG Bank \u2014 are participating in a USD 360 mn loan the UAE\u2019s Mashreq Bank is arranging for Evergrow Speciality Fertilizers, reports Al Shorouk. Evergrow will use the loan to restructure its debt and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[9298],"tags":[204,2372,7106,72,99,131,2373],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-573895","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking","tag-banking-finance","tag-debt","tag-enterpriseam","tag-fertilizers","tag-manufacturing","tag-mashreq-bank","wpautop","entry"],"acf":{"mongo_id":"fdbb776b-0a9d-44b9-9fe5-67012f9069d6","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[573869],"teaser":"","voice_url":""},"yoast_head":"\nLocal banks joining UAE\u2019s Mashreq in arranging USD 360 mn loan to Evergrow - 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\/2020\/08\/23\/local-banks-joining-uaes-mashreq-in-arranging-usd-360-mn-loan-to-evergrow\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Local banks joining UAE\u2019s Mashreq in arranging USD 360 mn loan to Evergrow\" \/>\n<meta property=\"og:description\" content=\"At least five banks \u2014 the National Bank of Egypt, Banque Misr, Suez Canal Bank, the Housing and Development Bank, and EG Bank \u2014 are participating in a USD 360 mn loan the UAE\u2019s Mashreq Bank is arranging for Evergrow Speciality Fertilizers, reports Al Shorouk. Evergrow will use the loan to restructure its debt and […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/23\/local-banks-joining-uaes-mashreq-in-arranging-usd-360-mn-loan-to-evergrow\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-23T04:13:08+00:00\" \/>\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\/2020\/08\/23\/local-banks-joining-uaes-mashreq-in-arranging-usd-360-mn-loan-to-evergrow\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/23\/local-banks-joining-uaes-mashreq-in-arranging-usd-360-mn-loan-to-evergrow\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Local banks joining UAE\u2019s Mashreq in arranging USD 360 mn loan to Evergrow\",\"datePublished\":\"2020-08-23T04:13:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/23\/local-banks-joining-uaes-mashreq-in-arranging-usd-360-mn-loan-to-evergrow\/\"},\"wordCount\":103,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"banking\",\"BANKING + FINANCE\",\"debt\",\"EnterpriseAM\",\"fertilizers\",\"Manufacturing\",\"Mashreq Bank\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/23\/local-banks-joining-uaes-mashreq-in-arranging-usd-360-mn-loan-to-evergrow\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/23\/local-banks-joining-uaes-mashreq-in-arranging-usd-360-mn-loan-to-evergrow\/\",\"name\":\"Local banks joining UAE\u2019s Mashreq in arranging USD 360 mn loan to Evergrow - 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The newspaper claims Mashreq gauging the appetite of local and Gulf banks\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":591808,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/evergrow-to-receive-usd-150-mn-loan-to-restructure-debts\/","url_meta":{"origin":573895,"position":1},"title":"Evergrow to receive USD 150 mn loan to restructure debts","author":"enterpriseam admin","date":"17 December 2019","format":false,"excerpt":"Egyptian fertilizer manufacturer Evergrow has reached an agreement with four local banks for a USD 150 mn loan to restructure its debts, banking sources told Al Shorouk. The company borrowed USD 200 mn from the National Bank of Egypt (NBE), Banque Misr, and the Arab African International Bank (AAIB) to\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":561830,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/22\/evergrow-is-restructuring-its-debts\/","url_meta":{"origin":573895,"position":2},"title":"Evergrow is restructuring its debts","author":"enterpriseam admin","date":"22 April 2021","format":false,"excerpt":"Egyptian fertilizer company Evergrow has signed a USD 400 mn loan agreement with a syndicate of 12 banks led by Mashreq Bank and the National Bank of Egypt (NBE), who acted as the facility arrangers, Hapi Journal reports, citing a company statement. 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