{"id":575479,"date":"2020-10-15T04:18:09","date_gmt":"2020-10-15T04:18:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/15\/whos-in-the-market-for-debt-egylease-porto-group\/"},"modified":"2020-10-15T04:18:09","modified_gmt":"2020-10-15T04:18:09","slug":"whos-in-the-market-for-debt-egylease-porto-group","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/15\/whos-in-the-market-for-debt-egylease-porto-group\/","title":{"rendered":"Who\u2019s in the market for debt? EgyLease + Porto Group"},"content":{"rendered":"<p>Financial leasing company <a href=\"http:\/\/egylease.co\/about-us.aspx\">EgyLease<\/a> is in talks for an EGP 200 mn loan from the National Bank of Egypt to expand its portfolio, Chairman Iman Ismail told <a href=\"https:\/\/bit.ly\/3jXutwB\">Al Mal<\/a>. The company is also negotiating loan agreements with United Bank and Ahli United Bank, he said, adding the amounts have not been decided. EgyLease had been in <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/aa9eb17d-44de-4e7e-aba1-fda71366cc2b\">talks with Banque Misr<\/a>for an EGP 400 mn loan last month, the outcome of which has not been made public.<\/p>\n<p>Meanwhile, Porto Group subsidiary Porto 6 October for Touristic Development has signed a EGP 500 mn sharia-compliant loan agreement with Banque Misr, company Co-Chairman <a href=\"https:\/\/alborsaanews.com\/2020\/10\/14\/1391184\">Ayman bin Khalifa said<\/a>. The proceeds aim to speed up work at the 1.38 mn sqm Porto October project west of Cairo.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial leasing company EgyLease is in talks for an EGP 200 mn loan from the National Bank of Egypt to expand its portfolio, Chairman Iman Ismail told Al Mal. The company is also negotiating loan agreements with United Bank and Ahli United Bank, he said, adding the amounts have not been decided. EgyLease had been [&hellip;]<\/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":[2372,7106,72,242,248],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-575479","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-debt","tag-enterpriseam","tag-leasing","tag-national-bank-of-egypt","wpautop","entry"],"acf":{"mongo_id":"a8e368a3-6fe9-4260-a0e9-93dff35237bb","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[575445],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Who\u2019s in the market for debt? EgyLease + Porto Group - 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\/10\/15\/whos-in-the-market-for-debt-egylease-porto-group\/\" \/>\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? EgyLease + Porto Group\" \/>\n<meta property=\"og:description\" content=\"Financial leasing company EgyLease is in talks for an EGP 200 mn loan from the National Bank of Egypt to expand its portfolio, Chairman Iman Ismail told Al Mal. The company is also negotiating loan agreements with United Bank and Ahli United Bank, he said, adding the amounts have not been decided. 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The company\u2019s board greenlit the decision earlier this week, the disclosure says. 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Al Taamir is busy right now: The special\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/166.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":576459,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/24\/whos-in-the-market-for-debt-remco-hd-leasing-el-nasr-auto-marsa-alam-for-tourism-development\/","url_meta":{"origin":575479,"position":3},"title":"Who\u2019s in the market for debt? Remco, HD Leasing, El Nasr Auto, Marsa Alam for Tourism Development","author":"enterpriseam admin","date":"24 November 2020","format":false,"excerpt":"Tourism developer Remco and two of its affiliate companies are in talks to obtain a two-tranche EGP 3.3 bn syndicated loan to refinance debt and lease payments and finance working capital, the company said in a regulatory filing (pdf). 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