{"id":574731,"date":"2020-09-20T03:59:39","date_gmt":"2020-09-20T03:59:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/whos-in-the-market-for-debt-hassan-allam-ezz-steel-gasco\/"},"modified":"2020-09-20T03:59:39","modified_gmt":"2020-09-20T03:59:39","slug":"whos-in-the-market-for-debt-hassan-allam-ezz-steel-gasco","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/20\/whos-in-the-market-for-debt-hassan-allam-ezz-steel-gasco\/","title":{"rendered":"Who\u2019s in the market for debt: Hassan Allam, Ezz Steel, GASCO"},"content":{"rendered":"

Hassan Allam Properties is seeking to obtain a EGP 1.6 bn loan to finance various real estate projects under development, Al Shorouk<\/a> reports, citing unnamed sources familiar with the matter. The National Bank of Egypt has presented the company with a financing offer for the loan, the report adds.<\/p>\n

Ezz Steel is looking to increase its loans with a banking consortium from EGP 5.8 bn to 6.5 bn in exchange for extending its repayment period from six to eight years, Al Shorouk<\/a> reports, citing unnamed sources familiar with the matter.<\/p>\n

The Egyptian Natural Gas Company (GASCO) is in talks with several local banks to borrow USD 200 mn for expansion works at its Western Desert Gas Complex in Alexandria, Al Shorouk<\/a> reports, citing unnamed sources familiar with the matter.<\/p>\n

\u00a0<\/p>\n

CORRECTION- 20 September 2020<\/em><\/p>\n

An earlier version of this story incorrectly stated that Hassan Allam Construction \u2014 a subsidiary of Hassan Allam Holding (HAH) \u2014 is seeking a loan from the National Bank of Egypt. The correct company is Hassan Allam Properties, which is not a subsidiary of HAH.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Hassan Allam Properties is seeking to obtain a EGP 1.6 bn loan to finance various real estate projects under development, Al Shorouk reports, citing unnamed sources familiar with the matter. The National Bank of Egypt has presented the company with a financing offer for the loan, the report adds. Ezz Steel is looking to increase […]<\/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":[2372,3604,72,589,890,248],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-574731","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-egyptian-natural-gas-holding-company","tag-enterpriseam","tag-ezz-steel","tag-hassan-allam-holding","tag-national-bank-of-egypt","wpautop","entry"],"acf":{"mongo_id":"23f9471f-a9ef-4b32-870c-d539bd3ddb9e","is_powered_by":true,"section_story_id":"0492abd2-d6f3-462a-ba68-bce47cb1ac93","story_type":"1","photo_url":"","photo_position":"above","related_issue":[574704],"teaser":"","voice_url":""},"yoast_head":"\nWho\u2019s in the market for debt: Hassan Allam, Ezz Steel, GASCO - 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\/09\/20\/whos-in-the-market-for-debt-hassan-allam-ezz-steel-gasco\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Who\u2019s in the market for debt: Hassan Allam, Ezz Steel, GASCO\" \/>\n<meta property=\"og:description\" content=\"Hassan Allam Properties is seeking to obtain a EGP 1.6 bn loan to finance various real estate projects under development, Al Shorouk reports, citing unnamed sources familiar with the matter. 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