{"id":574107,"date":"2020-08-30T04:01:41","date_gmt":"2020-08-30T04:01:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/30\/cib-mnhd-sign-egp-1-1-bn-syndicated-loan-agreement\/"},"modified":"2020-08-30T04:01:41","modified_gmt":"2020-08-30T04:01:41","slug":"cib-mnhd-sign-egp-1-1-bn-syndicated-loan-agreement","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/30\/cib-mnhd-sign-egp-1-1-bn-syndicated-loan-agreement\/","title":{"rendered":"CIB, MNHD sign EGP 1.1 bn syndicated loan agreement"},"content":{"rendered":"

Our friends at CIB will be leading a consortium to arrange a EGP 1.1 bn syndicated loan for Madinet Nasr Housing and Development (MNHD), MNHD said in a regulatory filing<\/a>. The Arab Investment Bank, the Egyptian Gulf Bank, and the Union National Bank are also participating in the seven-year facility. The loan\u2019s proceeds will help MNHD push forward with plans to invest EGP 12 bn over the next three years in its Sarai<\/a> and Taj City<\/a> compounds.<\/p>\n","protected":false},"excerpt":{"rendered":"

Our friends at CIB will be leading a consortium to arrange a EGP 1.1 bn syndicated loan for Madinet Nasr Housing and Development (MNHD), MNHD said in a regulatory filing. The Arab Investment Bank, the Egyptian Gulf Bank, and the Union National Bank are also participating in the seven-year facility. The loan\u2019s proceeds will help […]<\/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":[204,2372,240,7106,72,7087,125,83],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-574107","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking","tag-banking-finance","tag-cib","tag-debt","tag-enterpriseam","tag-finance","tag-investment-watch","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"454e2c26-23be-4a31-9e48-eb10d3836961","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[574069],"teaser":"","voice_url":""},"yoast_head":"\nCIB, MNHD sign EGP 1.1 bn syndicated loan agreement - 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\/30\/cib-mnhd-sign-egp-1-1-bn-syndicated-loan-agreement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CIB, MNHD sign EGP 1.1 bn syndicated loan agreement\" \/>\n<meta property=\"og:description\" content=\"Our friends at CIB will be leading a consortium to arrange a EGP 1.1 bn syndicated loan for Madinet Nasr Housing and Development (MNHD), MNHD said in a regulatory filing. The Arab Investment Bank, the Egyptian Gulf Bank, and the Union National Bank are also participating in the seven-year facility. The loan\u2019s proceeds will help […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/30\/cib-mnhd-sign-egp-1-1-bn-syndicated-loan-agreement\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-30T04:01:41+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\/30\/cib-mnhd-sign-egp-1-1-bn-syndicated-loan-agreement\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/30\/cib-mnhd-sign-egp-1-1-bn-syndicated-loan-agreement\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CIB, MNHD sign EGP 1.1 bn syndicated loan agreement\",\"datePublished\":\"2020-08-30T04:01:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/30\/cib-mnhd-sign-egp-1-1-bn-syndicated-loan-agreement\/\"},\"wordCount\":84,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"banking\",\"BANKING + FINANCE\",\"CIB\",\"debt\",\"EnterpriseAM\",\"Finance\",\"investment watch\",\"real estate\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/30\/cib-mnhd-sign-egp-1-1-bn-syndicated-loan-agreement\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/30\/cib-mnhd-sign-egp-1-1-bn-syndicated-loan-agreement\/\",\"name\":\"CIB, MNHD sign EGP 1.1 bn syndicated loan agreement - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2020-08-30T04:01:41+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/30\/cib-mnhd-sign-egp-1-1-bn-syndicated-loan-agreement\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/30\/cib-mnhd-sign-egp-1-1-bn-syndicated-loan-agreement\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/30\/cib-mnhd-sign-egp-1-1-bn-syndicated-loan-agreement\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CIB, MNHD sign EGP 1.1 bn syndicated loan agreement\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CIB, MNHD sign EGP 1.1 bn syndicated loan agreement - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/30\/cib-mnhd-sign-egp-1-1-bn-syndicated-loan-agreement\/","og_locale":"en_US","og_type":"article","og_title":"CIB, MNHD sign EGP 1.1 bn syndicated loan agreement","og_description":"Our friends at CIB will be leading a consortium to arrange a EGP 1.1 bn syndicated loan for Madinet Nasr Housing and Development (MNHD), MNHD said in a regulatory filing. 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The company will use to loan to pay the development cost of its Sarai 1 and 2\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":571460,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/12\/mnhd-signs-egp-2-1-bn-loan-agreement-with-nbe-aaib-and-banque-misr\/","url_meta":{"origin":574107,"position":1},"title":"MNHD signs EGP 2.1 bn loan agreement with NBE, AAIB and Banque Misr","author":"enterpriseam admin","date":"12 May 2020","format":false,"excerpt":"Madinet Nasr Housing and Development has signed a EGP 2.1 bn long-term joint loan agreement with the National Bank of Egypt, the Arab African International Bank and Banque Misr, the local press reports. The loan will be used to partially finance MNHD\u2019s Saray 1 and Saray 2 real estate projects\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":569873,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/mnhd-plans-new-egp-2-bn-securitized-bond-offering\/","url_meta":{"origin":574107,"position":2},"title":"MNHD plans new EGP 2 bn securitized bond offering","author":"enterpriseam admin","date":"10 March 2020","format":false,"excerpt":"DEBT WATCH- MNHD plans new EGP 2 bn securitized bond offering: Madinet Nasr for Housing and Development is considering issuing another EGP 2 bn in securitized bonds this year, MNHD CEO Ahmed El Hitamy told Al Mal. The real estate company sold EGP 305 mn in corporate bonds earlier this\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596506,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/29\/mnhd-signs-egp-300-mn-loan-agreement-with-aaib-to-finance-sarai-project\/","url_meta":{"origin":574107,"position":3},"title":"MNHD signs EGP 300 mn loan agreement with AAIB to finance Sarai project","author":"enterpriseam admin","date":"29 August 2019","format":false,"excerpt":"Madinet Nasr Housing & Development (MNHD) has signed a EGP 300 mn short-term loan agreement with the Arab African International Bank, according to an EGX disclosure (pdf). MNHD plans to use the loan to finance its Sarai projects.","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":573693,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/faragalla-group-secures-egp-995-mn-syndicated-loan-from-egyptian-banks\/","url_meta":{"origin":574107,"position":4},"title":"Faragalla Group secures EGP 995 mn syndicated loan from Egyptian banks","author":"enterpriseam admin","date":"13 August 2020","format":false,"excerpt":"Faragalla Group has signed a EGP 995 mn syndicated loan agreement with CIB, the Arab African Bank, and the National Bank of Qatar, Al Mal reports, citing unnamed sources familiar with the matter. The agreement covers a little less than half the EGP 2.05 bn in loans the company is\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":568804,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/04\/earnings-watch-cib-delivers-record-4q-fy2019-results-mnhd-profits-hit-egp-1-bn\/","url_meta":{"origin":574107,"position":5},"title":"Earnings watch: CIB delivers record 4Q, FY2019 results; MNHD profits hit EGP 1 bn","author":"enterpriseam admin","date":"4 February 2020","format":false,"excerpt":"EARNINGS WATCH- CIB delivers record 4Q, FY2019 earnings: CIB posted record consolidated net profits of EGP 3.26 bn in 4Q2019, up 27% y-o-y from EGP 2.56 bn during the same quarter the year before, according to a company statement released overnight (pdf). The bank also delivered record a full-year bottom\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/574107","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=574107"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/574107\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/574069"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=574107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=574107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=574107"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=574107"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=574107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}