{"id":627606,"date":"2018-06-06T03:50:28","date_gmt":"2018-06-06T03:50:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/06\/hdd-seeking-egp-1-bn-loan\/"},"modified":"2018-06-06T03:50:28","modified_gmt":"2018-06-06T03:50:28","slug":"hdd-seeking-egp-1-bn-loan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/06\/hdd-seeking-egp-1-bn-loan\/","title":{"rendered":"HDD seeking EGP 1 bn loan"},"content":{"rendered":"

EXCLUSIVE- Heliopolis Housing & Development in the market for a EGP 1 bn loan:<\/strong> Heliopolis Housing & Development (HDD), a candidate for the state IPO program, is in talks with a local bank for a EGP 1 bn facility to fund its New Heliopolis project, a company official told Enterprise. The talks are in \u201clater stages\u201d and the company hopes to receive the loan sometime in 2H2018. The timing of the loan was deliberate as the firm sees monetary easing and lower interest rates afoot. We noted yesterday<\/a><\/u> that Madinet Nasr Housing and Development (MNHD) is also seeking a EGP 1 bn loan.<\/p>\n

No update from Heliopolis on its sale of additional shares on the EGX.<\/strong> Details, including size and timing of the sale is in the hands of the Holding Company for Construction and Development and Public Enterprises Ministry, the company official said. Ministry officials had said back in April<\/a><\/u> that HDD is considering the sale of another 30% of its shares under the government\u2019s program to divest assets through share sales on the EGX.<\/p>\n","protected":false},"excerpt":{"rendered":"

EXCLUSIVE- Heliopolis Housing & Development in the market for a EGP 1 bn loan: Heliopolis Housing & Development (HDD), a candidate for the state IPO program, is in talks with a local bank for a EGP 1 bn facility to fund its New Heliopolis project, a company official told Enterprise. The talks are in \u201clater […]<\/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-627606","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a057c1d6-dfce-46aa-8fd3-19a5a108745b","order":"0","is_powered_by":true,"section_story_id":"85839dca-cf48-4ed2-b753-e5caec5d416c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[627593],"teaser":"","voice_url":""},"yoast_head":"\nHDD seeking EGP 1 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\/2018\/06\/06\/hdd-seeking-egp-1-bn-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HDD seeking EGP 1 bn loan\" \/>\n<meta property=\"og:description\" content=\"EXCLUSIVE- Heliopolis Housing & Development in the market for a EGP 1 bn loan: Heliopolis Housing & Development (HDD), a candidate for the state IPO program, is in talks with a local bank for a EGP 1 bn facility to fund its New Heliopolis project, a company official told Enterprise. 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The company will use the funds to finance utility and infrastructure works at its New Heliopolis project, and\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":575417,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/14\/hccd-kicks-off-restructuring-plans-to-streamline-operations\/","url_meta":{"origin":627606,"position":1},"title":"HCCD kicks off restructuring plans to streamline operations","author":"enterpriseam admin","date":"14 October 2020","format":false,"excerpt":"M&A WATCH- The new, slimmer HCCD: The state-owned Holding Company for Construction and Development (HCCD) is merging 11 of its subsidiary companies into just five in a bid to streamline the company and make it more efficient, Chairman Hesham Aboul Atta tells Enterprise. The company has completed the merger of\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\/2020\/10\/146.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578866,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/17\/hccd-reportedly-in-talks-to-sell-land-to-gulf-investors\/","url_meta":{"origin":627606,"position":2},"title":"HCCD reportedly in talks to sell land to Gulf investors","author":"enterpriseam admin","date":"17 January 2023","format":false,"excerpt":"Gulf investors are reportedly interested in HCCD\u2019s land bank, assets: The state-owned parent of Heliopolis Housing is in talks with Gulf investors to sell off land and other assets, Bloomberg Asharq reported Sunday, citing two sources familiar with the matter. 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Revenues during the quarter were up 33% to EGP 681.4 mn from EGP 510 mn last year.MB Engineering recorded a net income of EGP 1.4\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":613504,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/16\/b2gold-is-looking-to-sell-gold-exploration-licenses-to-lotus-gold-plus-heliopolis-housing-multi-egp-bn-land-purchase-egyptian-national-railways-loan\/","url_meta":{"origin":627606,"position":4},"title":"B2Gold is looking to sell gold exploration licenses to Lotus Gold. 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