{"id":599859,"date":"2019-01-13T03:37:09","date_gmt":"2019-01-13T03:37:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/13\/nbe-looks-to-arrange-egp-2-4-bn-syndicated-loan-for-egpc\/"},"modified":"2019-01-13T03:37:09","modified_gmt":"2019-01-13T03:37:09","slug":"nbe-looks-to-arrange-egp-2-4-bn-syndicated-loan-for-egpc","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/13\/nbe-looks-to-arrange-egp-2-4-bn-syndicated-loan-for-egpc\/","title":{"rendered":"NBE looks to arrange EGP 2.4 bn syndicated loan for EGPC"},"content":{"rendered":"

The National Bank of Egypt is in talks with local banks to arrange a EGP 2.4 bn syndicated loan for the Egyptian General Petroleum Company (EGPC), banking sources told Al Shorouk<\/a>. The loan, which includes a USD-denominated tranche, will be used to develop the EGPC\u2019s oil wells.<\/p>\n","protected":false},"excerpt":{"rendered":"

The National Bank of Egypt is in talks with local banks to arrange a EGP 2.4 bn syndicated loan for the Egyptian General Petroleum Company (EGPC), banking sources told Al Shorouk. The loan, which includes a USD-denominated tranche, will be used to develop the EGPC\u2019s oil wells.<\/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":[204,2372,93,72,7087],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599859","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking","tag-banking-finance","tag-energy","tag-enterpriseam","tag-finance","wpautop","entry"],"acf":{"mongo_id":"b8d06781-1bf6-42e3-b5cb-869d937f2720","is_powered_by":true,"section_story_id":"d44c8bfa-7cac-46f1-a2ad-76dc1e854931","story_type":"1","photo_url":"","photo_position":"above","related_issue":[599822],"teaser":"","voice_url":""},"yoast_head":"\nNBE looks to arrange EGP 2.4 bn syndicated loan for EGPC - 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\/2019\/01\/13\/nbe-looks-to-arrange-egp-2-4-bn-syndicated-loan-for-egpc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NBE looks to arrange EGP 2.4 bn syndicated loan for EGPC\" \/>\n<meta property=\"og:description\" content=\"The National Bank of Egypt is in talks with local banks to arrange a EGP 2.4 bn syndicated loan for the Egyptian General Petroleum Company (EGPC), banking sources told Al Shorouk. The loan, which includes a USD-denominated tranche, will be used to develop the EGPC\u2019s oil wells.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/13\/nbe-looks-to-arrange-egp-2-4-bn-syndicated-loan-for-egpc\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-13T03:37:09+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\/2019\/01\/13\/nbe-looks-to-arrange-egp-2-4-bn-syndicated-loan-for-egpc\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/13\/nbe-looks-to-arrange-egp-2-4-bn-syndicated-loan-for-egpc\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"NBE looks to arrange EGP 2.4 bn syndicated loan for EGPC\",\"datePublished\":\"2019-01-13T03:37:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/13\/nbe-looks-to-arrange-egp-2-4-bn-syndicated-loan-for-egpc\/\"},\"wordCount\":57,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"banking\",\"BANKING + FINANCE\",\"energy\",\"EnterpriseAM\",\"Finance\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/13\/nbe-looks-to-arrange-egp-2-4-bn-syndicated-loan-for-egpc\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/13\/nbe-looks-to-arrange-egp-2-4-bn-syndicated-loan-for-egpc\/\",\"name\":\"NBE looks to arrange EGP 2.4 bn syndicated loan for EGPC - 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The loan, which the sources said is being syndicated to other banks, will have a five-year maturity and will be used partially \u201cto pre-pay EGPC cargo deliveries.\u201c The facility\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":622620,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/egpc-receives-usd-1-bn-syndicated-facility-from-hsbc-led-consortium\/","url_meta":{"origin":599859,"position":1},"title":"EGPC receives USD 1 bn syndicated facility from HSBC-led consortium","author":"enterpriseam admin","date":"8 October 2018","format":false,"excerpt":"The EGPC has reportedly received a USD 1 bn syndicated loan from an international and regional banking consortium led by HSBC, sources close to the matter tell Al Shorouk. The facility will be used to partially repay the debts owed by EGPC subsidiary, Petroleum Export Limited, to foreign partners. We\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":647162,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/03\/egpc-now-asking-for-a-egp-15-bn-loan-up-from-egp-10-bn\/","url_meta":{"origin":599859,"position":2},"title":"EGPC now asking for a EGP 15 bn loan, up from EGP 10 bn","author":"enterpriseam admin","date":"3 May 2017","format":false,"excerpt":"The Egyptian General Petroleum Company (EGPC) is looking to increase the value of a loan it is seeking to EGP 15 bn from an initial estimate of EGP 10 bn, Al Mal reports. EGPC was first reported to be in the market for an EGP 10 bn loan late in\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":574107,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/30\/cib-mnhd-sign-egp-1-1-bn-syndicated-loan-agreement\/","url_meta":{"origin":599859,"position":3},"title":"CIB, MNHD sign EGP 1.1 bn syndicated loan agreement","author":"enterpriseam admin","date":"30 August 2020","format":false,"excerpt":"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.\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":593591,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/02\/saib-leading-group-of-egyptian-banks-to-arrange-egp-1-bn-loan-for-dorra-real-estate\/","url_meta":{"origin":599859,"position":4},"title":"SAIB leading group of Egyptian banks to arrange EGP 1 bn loan for Dorra Real Estate","author":"enterpriseam admin","date":"2 October 2019","format":false,"excerpt":"SAIB Bank is in talks with a number of unnamed local banks to arrange a EGP 1 bn syndicated loan for Dorra Real Estate Development Group to fund projects in the new administrative capital, banking sources told Al Shorouk.","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":599911,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/14\/nuca-to-receive-egp-20-bn-syndicated-loan-to-issue-egp-10-bn-worth-of-bonds\/","url_meta":{"origin":599859,"position":5},"title":"NUCA to receive EGP 20 bn syndicated loan, to issue EGP 10 bn-worth of bonds","author":"enterpriseam admin","date":"14 January 2019","format":false,"excerpt":"The New Urban Communities Authority (NUCA) is set to sign a EGP 20 bn syndicated loan agreement with local banks to fund part of the EGP 27 bn-worth of planned infrastructure projects it\u2019s working on in new cities, banking sources told Al Shorouk. 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