{"id":630924,"date":"2018-03-05T04:31:50","date_gmt":"2018-03-05T04:31:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/05\/cib-looks-into-arranging-egp-2-bn-loan-for-egyptian-steel\/"},"modified":"2018-03-05T04:31:50","modified_gmt":"2018-03-05T04:31:50","slug":"cib-looks-into-arranging-egp-2-bn-loan-for-egyptian-steel","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/05\/cib-looks-into-arranging-egp-2-bn-loan-for-egyptian-steel\/","title":{"rendered":"CIB looks into arranging EGP 2 bn loan for Egyptian Steel"},"content":{"rendered":"

CIB is looking into arranging a EGP 2 bn syndicated loan for Egyptian Steel, unnamed banking services tell Al Shorouk<\/a>. The loan would finance expansions for the company\u2019s USD 5.5 bn steel plant in Ain Sokhna, which Egyptian Steel had rezoned within the Suez Canal Economic Zone at the end of last year<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

CIB is looking into arranging a EGP 2 bn syndicated loan for Egyptian Steel, unnamed banking services tell Al Shorouk. The loan would finance expansions for the company\u2019s USD 5.5 bn steel plant in Ain Sokhna, which Egyptian Steel had rezoned within the Suez Canal Economic Zone at the end of last year.<\/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-630924","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"5a01a719-b4ef-498b-b68e-aef426693c4d","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"CIB looks into arranging EGP 2 bn loan for Egyptian Steel","related_issue":[630887],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.e5323e69-b25b-4854-90a1-e845acc622d6.mp3"},"yoast_head":"\nCIB looks into arranging EGP 2 bn loan for Egyptian Steel - 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\/03\/05\/cib-looks-into-arranging-egp-2-bn-loan-for-egyptian-steel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CIB looks into arranging EGP 2 bn loan for Egyptian Steel\" \/>\n<meta property=\"og:description\" content=\"CIB is looking into arranging a EGP 2 bn syndicated loan for Egyptian Steel, unnamed banking services tell Al Shorouk. The loan would finance expansions for the company\u2019s USD 5.5 bn steel plant in Ain Sokhna, which Egyptian Steel had rezoned within the Suez Canal Economic Zone at the end of last year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/05\/cib-looks-into-arranging-egp-2-bn-loan-for-egyptian-steel\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-05T04:31:50+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\/03\/05\/cib-looks-into-arranging-egp-2-bn-loan-for-egyptian-steel\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/05\/cib-looks-into-arranging-egp-2-bn-loan-for-egyptian-steel\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CIB looks into arranging EGP 2 bn loan for Egyptian Steel\",\"datePublished\":\"2018-03-05T04:31:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/05\/cib-looks-into-arranging-egp-2-bn-loan-for-egyptian-steel\/\"},\"wordCount\":62,\"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\/03\/05\/cib-looks-into-arranging-egp-2-bn-loan-for-egyptian-steel\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/05\/cib-looks-into-arranging-egp-2-bn-loan-for-egyptian-steel\/\",\"name\":\"CIB looks into arranging EGP 2 bn loan for Egyptian Steel - 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The company is looking to\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":593883,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/13\/adib-capital-considers-arranging-egp-1-1-bn-loan-for-el-ezaby\/","url_meta":{"origin":630924,"position":1},"title":"ADIB Capital considers arranging EGP 1.1 bn loan for El Ezaby","author":"enterpriseam admin","date":"13 October 2019","format":false,"excerpt":"ADIB Capital is considering arranging and marketing a EGP 1.1 bn loan for El Ezaby Pharmacies, banking sources told Al Shorouk. The loan will be Sharia-compliant comply and aim to restructure the company\u2019s USD debt. 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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":603428,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/22\/nuca-agrees-with-egyptian-banks-on-egp-6-bn-loan\/","url_meta":{"origin":630924,"position":3},"title":"NUCA agrees with Egyptian banks on EGP 6 bn loan","author":"enterpriseam admin","date":"22 April 2019","format":false,"excerpt":"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\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":593301,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/24\/cairo-3a-looking-for-egp-1-bn-loan-from-egyptian-banks\/","url_meta":{"origin":630924,"position":4},"title":"Cairo 3A looking for EGP 1 bn loan from Egyptian banks","author":"enterpriseam admin","date":"24 November 2019","format":false,"excerpt":"Cairo 3A Poultry is in talks with local banks for a EGP 1 bn loan to finance its expansion plans once it finalizes the EGP 500 mn acquisition of Pyramid Poultry, sources close to the matter tell Al Mal. The banks include CIB, the Arab African International Bank, and an\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":650572,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/27\/egpc-in-the-market-for-an-egp-10-bn-loan\/","url_meta":{"origin":630924,"position":5},"title":"EGPC in the market for an EGP 10 bn loan","author":"enterpriseam admin","date":"27 March 2017","format":false,"excerpt":"The Egyptian General Petroleum Company (EGPC) is negotiating for a EGP 10 bn loan with a banking consortium led by CIB to finance oil imports, Al Mal reports. Four-to-five private banks are funding the facility that is expected to carry a tenor of five-to-eight years, unnamed sources said. 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