{"id":625142,"date":"2018-09-27T04:19:15","date_gmt":"2018-09-27T04:19:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/27\/te-to-reach-financial-close-on-usd-550-mn-loan-from-uae-banks-next-week\/"},"modified":"2018-09-27T04:19:15","modified_gmt":"2018-09-27T04:19:15","slug":"te-to-reach-financial-close-on-usd-550-mn-loan-from-uae-banks-next-week","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/27\/te-to-reach-financial-close-on-usd-550-mn-loan-from-uae-banks-next-week\/","title":{"rendered":"TE to reach financial close on USD 550 mn loan from UAE banks next week"},"content":{"rendered":"<p>State-owned Telecom Egypt will reach financial close next week on a five-year USD 550 mn syndicated loan jointly arranged by Emirati banks Mashreqbank and First Abu Dhabi Bank, <a href=\"https:\/\/almalnews.com\/Story\/391155\/12\/%D8%A5%D8%BA%D9%84%D8%A7%D9%82-%D9%82%D8%B1%D8%B6-%D8%A8%D9%82%D9%8A%D9%85%D8%A9-550-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%84%D9%80%C2%AB%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D8%A7%D9%84%D8%A7%D8%AA%D8%B5%D8%A7%D9%84%D8%A7%D8%AA%C2%BB---%D8%A7%D9%84%D8%A3%D8%B3%D8%A8%D9%88%D8%B9-%D8%A7%D9%84%D9%85%D9%82%D8%A8%D9%84-\">unidentified sources told Al Mal<\/a>. The Union National Bank and Arab Banking Corporation were among entities that participated in providing the loan, which, <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/14\/uae-banks-to-raise-usd-500-mn-syndicated-loan-for-te\/\">according to a statement cited by Reuters<\/a> last month \u201cwill be used to support capital and operational expenditures.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned Telecom Egypt will reach financial close next week on a five-year USD 550 mn syndicated loan jointly arranged by Emirati banks Mashreqbank and First Abu Dhabi Bank, unidentified sources told Al Mal. The Union National Bank and Arab Banking Corporation were among entities that participated in providing the loan, which, according to a statement [&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":[2372,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-625142","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"57ea2fa7-f5b8-47dd-8b5d-4248a4a65364","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"TE to reach financial close on USD 550 mn loan from UAE banks next week","related_issue":[625107],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.c3a46ae1-7ebb-43c3-9ffe-b5a71e4e2c4f.mp3"},"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>TE to reach financial close on USD 550 mn loan from UAE banks next week - 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\/2018\/09\/27\/te-to-reach-financial-close-on-usd-550-mn-loan-from-uae-banks-next-week\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TE to reach financial close on USD 550 mn loan from UAE banks next week\" \/>\n<meta property=\"og:description\" content=\"State-owned Telecom Egypt will reach financial close next week on a five-year USD 550 mn syndicated loan jointly arranged by Emirati banks Mashreqbank and First Abu Dhabi Bank, unidentified sources told Al Mal. The Union National Bank and Arab Banking Corporation were among entities that participated in providing the loan, which, according to a statement [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/27\/te-to-reach-financial-close-on-usd-550-mn-loan-from-uae-banks-next-week\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-09-27T04:19:15+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\/2018\/09\/27\/te-to-reach-financial-close-on-usd-550-mn-loan-from-uae-banks-next-week\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/27\/te-to-reach-financial-close-on-usd-550-mn-loan-from-uae-banks-next-week\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"TE to reach financial close on USD 550 mn loan from UAE banks next week\",\"datePublished\":\"2018-09-27T04:19:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/27\/te-to-reach-financial-close-on-usd-550-mn-loan-from-uae-banks-next-week\/\"},\"wordCount\":82,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/27\/te-to-reach-financial-close-on-usd-550-mn-loan-from-uae-banks-next-week\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/09\/27\/te-to-reach-financial-close-on-usd-550-mn-loan-from-uae-banks-next-week\/\",\"name\":\"TE to reach financial close on USD 550 mn loan from UAE banks next week - 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Evergrow will use the loan\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","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":557459,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/20\/banque-misr-borrows-usd-1-bn-from-intl-syndicate\/","url_meta":{"origin":625142,"position":1},"title":"Banque Misr borrows USD 1 bn from int'l syndicate","author":"enterpriseam admin","date":"20 September 2021","format":false,"excerpt":"Banque Misr has obtained a syndicated loan worth about USD 1 bn,the bank announced in a statement (pdf). The three-year loan will be used to refinance existing debts and expand its loan portfolio, it said. Sources told CNBC Arabia last month that the bank will use the proceeds to pay\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\/268.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591808,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/17\/evergrow-to-receive-usd-150-mn-loan-to-restructure-debts\/","url_meta":{"origin":625142,"position":2},"title":"Evergrow to receive USD 150 mn loan to restructure debts","author":"enterpriseam admin","date":"17 December 2019","format":false,"excerpt":"Egyptian fertilizer manufacturer Evergrow has reached an agreement with four local banks for a USD 150 mn loan to restructure its debts, banking sources told Al Shorouk. The company borrowed USD 200 mn from the National Bank of Egypt (NBE), Banque Misr, and the Arab African International Bank (AAIB) to\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","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":561473,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/08\/finance-in-motion-arranging-usd-75-mn-loan-to-unnamed-bank\/","url_meta":{"origin":625142,"position":3},"title":"Finance in Motion arranging USD 75 mn loan to unnamed bank","author":"enterpriseam admin","date":"8 April 2021","format":false,"excerpt":"NBFS players and renewable energy projects could soon be in line for a piece of a USD 75 mn facility Finance in Motion is providing to an unnamed local bank for on-lending, Egypt country head Mohamed Morsy told Al Mal. The facility could be made available as soon as next\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593781,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/09\/banque-misr-mulls-usd-300-mn-loan-to-dp-world-for-ain-sokhna-port-expansion\/","url_meta":{"origin":625142,"position":4},"title":"Banque Misr mulls USD 300 mn loan to DP World for Ain Sokhna port expansion","author":"enterpriseam admin","date":"9 October 2019","format":false,"excerpt":"Banque Misr could extend a seven-year, USD 300 mn loan to the UAE\u2019s DP World to part-fund the expansion of its Ain Sokhna port, an official source told Masrawy. 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The newspaper claims Mashreq gauging the appetite of local and Gulf banks\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","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\/625142","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=625142"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/625142\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/625107"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=625142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=625142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=625142"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=625142"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=625142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}