{"id":625743,"date":"2018-08-14T04:27:23","date_gmt":"2018-08-14T04:27:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/uae-banks-to-raise-usd-500-mn-syndicated-loan-for-te\/"},"modified":"2018-08-14T04:27:23","modified_gmt":"2018-08-14T04:27:23","slug":"uae-banks-to-raise-usd-500-mn-syndicated-loan-for-te","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/uae-banks-to-raise-usd-500-mn-syndicated-loan-for-te\/","title":{"rendered":"UAE banks to raise USD 500 mn syndicated loan for TE"},"content":{"rendered":"

UAE banks to raise USD 500 mn syndicated loan for TE: <\/strong>The state-owned Telecom Egypt (TE) has tapped First Abu Dhabi Bank and Mashreqbank to act as joint arrangers for a USD 500 mn, five-year syndicated facility, Reuters reports<\/a>, citing a statement from the banks. The banks have already begun talks to syndicate the facility, which will be used to support capital and operational expenditures. \u201cThe loan is the latest of a number of debt facilities raised by Egyptian borrowers over the past few months, suggesting improved business conditions in the country,\u201d the newswire notes. TE has reportedly picked up<\/a> some USD 900 mn in loans recently. Its latest agreements were a short-term USD 200 mn contract<\/a> with the African Export-Import Bank and another USD 200 mn long-term contract<\/a> with Chinese financial institutions.<\/p>\n","protected":false},"excerpt":{"rendered":"

UAE banks to raise USD 500 mn syndicated loan for TE: The state-owned Telecom Egypt (TE) has tapped First Abu Dhabi Bank and Mashreqbank to act as joint arrangers for a USD 500 mn, five-year syndicated facility, Reuters reports, citing a statement from the banks. The banks have already begun talks to syndicate the facility, […]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-625743","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"5d02b817-aa6c-4cbd-9c59-41961b2a10f4","order":"0","is_powered_by":true,"section_story_id":"c24bab75-7fb3-4b89-aab1-4416b4bfe4ca","story_type":"1","photo_url":"","photo_position":"above","related_issue":[625732],"teaser":"","voice_url":""},"yoast_head":"\nUAE banks to raise USD 500 mn syndicated loan for TE - 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\/08\/14\/uae-banks-to-raise-usd-500-mn-syndicated-loan-for-te\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UAE banks to raise USD 500 mn syndicated loan for TE\" \/>\n<meta property=\"og:description\" content=\"UAE banks to raise USD 500 mn syndicated loan for TE: The state-owned Telecom Egypt (TE) has tapped First Abu Dhabi Bank and Mashreqbank to act as joint arrangers for a USD 500 mn, five-year syndicated facility, Reuters reports, citing a statement from the banks. The banks have already begun talks to syndicate the facility, […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/uae-banks-to-raise-usd-500-mn-syndicated-loan-for-te\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-14T04:27:23+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/uae-banks-to-raise-usd-500-mn-syndicated-loan-for-te\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/uae-banks-to-raise-usd-500-mn-syndicated-loan-for-te\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"UAE banks to raise USD 500 mn syndicated loan for TE\",\"datePublished\":\"2018-08-14T04:27:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/uae-banks-to-raise-usd-500-mn-syndicated-loan-for-te\/\"},\"wordCount\":138,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/uae-banks-to-raise-usd-500-mn-syndicated-loan-for-te\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/uae-banks-to-raise-usd-500-mn-syndicated-loan-for-te\/\",\"name\":\"UAE banks to raise USD 500 mn syndicated loan for TE - 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The Finance Ministry announced yesterday (pdf) that it brokered the debt facility, which was coordinated by Credit Suisse and HSBC and will be used\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":625142,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/27\/te-to-reach-financial-close-on-usd-550-mn-loan-from-uae-banks-next-week\/","url_meta":{"origin":625743,"position":1},"title":"TE to reach financial close on USD 550 mn loan from UAE banks next week","author":"enterpriseam admin","date":"27 September 2018","format":false,"excerpt":"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,\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":623088,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/21\/te-signs-usd-500-mn-syndicated-loan\/","url_meta":{"origin":625743,"position":2},"title":"TE signs USD 500 mn syndicated loan","author":"enterpriseam admin","date":"21 October 2018","format":false,"excerpt":"Telecom Egypt has signed for a USD 500 mn medium-term syndicated loan, which will be used to support its capital and operational expenditure, and refinance an existing short-term facility, the company said in a statement on Thursday (pdf). 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