{"id":603428,"date":"2019-04-22T04:00:15","date_gmt":"2019-04-22T04:00:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/22\/nuca-agrees-with-egyptian-banks-on-egp-6-bn-loan\/"},"modified":"2019-04-22T04:00:15","modified_gmt":"2019-04-22T04:00:15","slug":"nuca-agrees-with-egyptian-banks-on-egp-6-bn-loan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/22\/nuca-agrees-with-egyptian-banks-on-egp-6-bn-loan\/","title":{"rendered":"NUCA agrees with Egyptian banks on EGP 6 bn loan"},"content":{"rendered":"

The New Urban Communities Authority (NUCA) has agreed with a banking consortium on a EGP 6 bn loan to meet \u201curgent\u201d financial needs, banking officials told Al Shorouk<\/a>. The consortium includes the National Bank of Egypt, CIB, the Arab African International Bank, and the Housing & Development Bank. The loan is part of EGP 20 bn-worth of financing NUCA is looking to secure. The Finance Ministry will guarantee NUCA\u2019s loan as well as its planned EGP 10 bn securitization bonds<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The New Urban Communities Authority (NUCA) has agreed with a banking consortium on a EGP 6 bn loan to meet \u201curgent\u201d financial needs, banking officials told Al Shorouk. The consortium includes the National Bank of Egypt, CIB, the Arab African International Bank, and the Housing & Development Bank. The loan is part of EGP 20 […]<\/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":[430,2372,240,7106,72,10922,248,879],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-603428","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-arab-african-international-bank","tag-banking-finance","tag-cib","tag-debt","tag-enterpriseam","tag-housing-development-bank","tag-national-bank-of-egypt","tag-new-urban-communities-authority","wpautop","entry"],"acf":{"mongo_id":"d40a2d1b-40c7-4909-aeac-919c40a8876e","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[603399],"teaser":"","voice_url":""},"yoast_head":"\nNUCA agrees with Egyptian banks on EGP 6 bn loan - 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\/04\/22\/nuca-agrees-with-egyptian-banks-on-egp-6-bn-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NUCA agrees with Egyptian banks on EGP 6 bn loan\" \/>\n<meta property=\"og:description\" content=\"The New Urban Communities Authority (NUCA) has agreed with a banking consortium on a EGP 6 bn loan to meet \u201curgent\u201d financial needs, banking officials told Al Shorouk. The consortium includes the National Bank of Egypt, CIB, the Arab African International Bank, and the Housing & Development Bank. The loan is part of EGP 20 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/22\/nuca-agrees-with-egyptian-banks-on-egp-6-bn-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-22T04:00:15+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\/04\/22\/nuca-agrees-with-egyptian-banks-on-egp-6-bn-loan\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/22\/nuca-agrees-with-egyptian-banks-on-egp-6-bn-loan\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"NUCA agrees with Egyptian banks on EGP 6 bn loan\",\"datePublished\":\"2019-04-22T04:00:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/22\/nuca-agrees-with-egyptian-banks-on-egp-6-bn-loan\/\"},\"wordCount\":86,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Arab African International Bank\",\"BANKING + FINANCE\",\"CIB\",\"debt\",\"EnterpriseAM\",\"Housing & Development Bank\",\"National Bank of Egypt\",\"New Urban Communities Authority\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/22\/nuca-agrees-with-egyptian-banks-on-egp-6-bn-loan\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/22\/nuca-agrees-with-egyptian-banks-on-egp-6-bn-loan\/\",\"name\":\"NUCA agrees with Egyptian banks on EGP 6 bn loan - 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This is the first tranche of a EGP 20 bn renegotiated loan from the European Bank for Reconstruction and Development and the National Bank of\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":575143,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/04\/egypts-nuca-signs-egp-50-bn-syndicated-loan-agreement\/","url_meta":{"origin":603428,"position":1},"title":"Egypt\u2019s NUCA signs EGP 50 bn syndicated loan agreement","author":"enterpriseam admin","date":"4 October 2020","format":false,"excerpt":"The New Urban Communities Authority (NUCA) has borrowed EGP 50 bn from a consortium of local banks headed by the National Bank of Egypt and Banque Misr to finance developments in new cities, Al Mal reports, citing sources familiar with the matter. The loan will carry an interest rate of\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":623290,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/25\/efg-hermes-nbe-cib-and-aaib-bod-on-nucas-egp-4-5-bn-securitized-bond-issuance\/","url_meta":{"origin":603428,"position":2},"title":"EFG Hermes, NBE, CIB and AAIB bod on NUCA\u2019s EGP 4.5 bn securitized bond issuance","author":"enterpriseam admin","date":"25 October 2018","format":false,"excerpt":"EFG Hermes has formed a consortium with CIB, National Bank of Egypt (NBE), and Arab African International Bank (AAIB) to compete for the management of a EGP 4.5 bn New Urban Communities Authority (NUCA) securitized bond issuance, Al Mal reported. NUCA will use capital raised from the issuance to proceed\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":595340,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/23\/new-urban-communities-authority-prepares-egp-10-bn-securitization-process\/","url_meta":{"origin":603428,"position":3},"title":"New Urban Communities Authority prepares EGP 10 bn securitization process","author":"enterpriseam admin","date":"23 September 2019","format":false,"excerpt":"The New Urban Communities Authority (NUCA) will issue another EGP 10 bn in securitized bonds before the end of 2019, sources told the local press. The National Bank of Egypt, CIB, the Arab African International Bank, and EFG Hermes are on board to manage the issuance, and the authority 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":597328,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/22\/three-banks-cover-nucas-egp-6-bn-securitization-bond-tranche\/","url_meta":{"origin":603428,"position":4},"title":"Three banks cover NUCA\u2019s EGP 6 bn securitization bond tranche","author":"enterpriseam admin","date":"22 July 2019","format":false,"excerpt":"Three local banks fully covered the EGP 6 bn of securitization bonds offered by the New Urban Communities Authority (NUCA) last week, Al Mal reported. The National Bank of Egypt, CIB, and the Arab African International Bank covered EGP 2 bn each. This is the first tranche of NUCA\u2019s planned\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":602186,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/20\/egypts-nuca-names-managers-of-planned-egp-10-bn-bond-securitization\/","url_meta":{"origin":603428,"position":5},"title":"Egypt\u2019s NUCA names managers of planned EGP 10 bn bond securitization","author":"enterpriseam admin","date":"20 March 2019","format":false,"excerpt":"The New Urban Communities Authority has selected EFG Hermes, CIB, National Bank of Egypt, and Arab African International Bank to manage the first tranche of a EGP 10 bn bond securitization of receivables that will be worth about EGP 6 bn, sources tell Al Mal. Sarwa Capital and Banque Misr\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/603428","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=603428"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/603428\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/603399"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=603428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=603428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=603428"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=603428"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=603428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}