{"id":634004,"date":"2018-01-02T04:29:22","date_gmt":"2018-01-02T04:29:22","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/02\/consortium-of-international-financing-institutions-arranging-usd-662-mn-facility-for-egpc\/"},"modified":"2018-01-02T04:29:22","modified_gmt":"2018-01-02T04:29:22","slug":"consortium-of-international-financing-institutions-arranging-usd-662-mn-facility-for-egpc","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/02\/consortium-of-international-financing-institutions-arranging-usd-662-mn-facility-for-egpc\/","title":{"rendered":"Consortium of international financing institutions arranging USD 662 mn facility for EGPC"},"content":{"rendered":"<p>A consortium of international financing institutions is arranging a USD 662 mn short-term credit facility for the Egyptian General Petroleum Company (EGPC), unnamed sources <a href=\"http:\/\/www.almalnews.com\/Story\/358996\/12\/%D8%AA%D8%AD%D8%A7%D9%84%D9%81-%D8%AF%D9%88%D9%84%D9%89-%D9%8A%D8%AA%D9%88%D9%84%D9%89-%D8%AA%D8%AF%D8%A8%D9%8A%D8%B1-662-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%84%D9%87%D9%8A%D8%A6%D8%A9-%D8%A7%D9%84%D8%A8%D8%AA%D8%B1%D9%88%D9%84\">tell Al Mal<\/a>. The EGPC will use the facility to cover the costs of supplying Egypt\u2019s petroleum consumption. The consortium is led by the International Islamic Trade Finance Corporation and includes Islami Bangladesh Bank, Saudi Arabia\u2019s National Commercial Bank, and Dubai Islamic Bank.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A consortium of international financing institutions is arranging a USD 662 mn short-term credit facility for the Egyptian General Petroleum Company (EGPC), unnamed sources tell Al Mal. The EGPC will use the facility to cover the costs of supplying Egypt\u2019s petroleum consumption. The consortium is led by the International Islamic Trade Finance Corporation and includes [&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-634004","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"12aae890-0953-4106-9f1b-2c5fd39500a2","order":"0","is_powered_by":true,"section_story_id":"9b321792-346b-4bfc-bb67-5fc3bc4526eb","story_type":"1","photo_url":"","photo_position":"above","related_issue":[633965],"teaser":"","voice_url":""},"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>Consortium of international financing institutions arranging USD 662 mn facility for EGPC - 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\/01\/02\/consortium-of-international-financing-institutions-arranging-usd-662-mn-facility-for-egpc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Consortium of international financing institutions arranging USD 662 mn facility for EGPC\" \/>\n<meta property=\"og:description\" content=\"A consortium of international financing institutions is arranging a USD 662 mn short-term credit facility for the Egyptian General Petroleum Company (EGPC), unnamed sources tell Al Mal. The EGPC will use the facility to cover the costs of supplying Egypt\u2019s petroleum consumption. The consortium is led by the International Islamic Trade Finance Corporation and includes [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/02\/consortium-of-international-financing-institutions-arranging-usd-662-mn-facility-for-egpc\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-02T04:29:22+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\/01\/02\/consortium-of-international-financing-institutions-arranging-usd-662-mn-facility-for-egpc\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/02\/consortium-of-international-financing-institutions-arranging-usd-662-mn-facility-for-egpc\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Consortium of international financing institutions arranging USD 662 mn facility for EGPC\",\"datePublished\":\"2018-01-02T04:29:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/02\/consortium-of-international-financing-institutions-arranging-usd-662-mn-facility-for-egpc\/\"},\"wordCount\":79,\"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\/01\/02\/consortium-of-international-financing-institutions-arranging-usd-662-mn-facility-for-egpc\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/02\/consortium-of-international-financing-institutions-arranging-usd-662-mn-facility-for-egpc\/\",\"name\":\"Consortium of international financing institutions arranging USD 662 mn facility for EGPC - 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The group agreed to disburse the tranche after the EGPC secured a letter\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604642,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/09\/consortium-to-provide-egpc-with-usd-750-mn-loan-for-arrears\/","url_meta":{"origin":634004,"position":1},"title":"Consortium to provide EGPC with USD 750 mn loan for arrears","author":"enterpriseam admin","date":"9 December 2018","format":false,"excerpt":"A Mashreq Bank-First Abu Dhabi Bank-HSBC consortium is arranging a USD 750 mn, five-year loan for the Egyptian General Petroleum Corporation (EGPC), which will be used to pay off arrears to international oil companies, banking sources told Al Shorouk. Each of the three banks will contribute an equal share 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":629259,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/egpc-set-to-receive-usd-850-mn-in-loans-from-local-banking-consortium-to-repay-iocs\/","url_meta":{"origin":634004,"position":2},"title":"EGPC set to receive USD 850 mn in loans from local banking consortium to repay IOCs?","author":"enterpriseam admin","date":"27 May 2018","format":false,"excerpt":"EGPC to set receive USD 850 mn in financing from domestic banking consortium to repay IOCs? 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The funding, which\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":622620,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/egpc-receives-usd-1-bn-syndicated-facility-from-hsbc-led-consortium\/","url_meta":{"origin":634004,"position":3},"title":"EGPC receives USD 1 bn syndicated facility from HSBC-led consortium","author":"enterpriseam admin","date":"8 October 2018","format":false,"excerpt":"The EGPC has reportedly received a USD 1 bn syndicated loan from an international and regional banking consortium led by HSBC, sources close to the matter tell Al Shorouk. The facility will be used to partially repay the debts owed by EGPC subsidiary, Petroleum Export Limited, to foreign partners. We\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":556048,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/10\/new-infusions-of-usd-for-state-banking-system\/","url_meta":{"origin":634004,"position":4},"title":"New infusions of USD for state, banking system?","author":"enterpriseam admin","date":"10 October 2021","format":false,"excerpt":"The Madbouly government is looking to raise USD 2 bn through a three-year syndicated facility, according to a Finance Ministry statement on Friday. 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State-owned United Bank is contributing USD 40 mn towards the loan, he said.","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"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\/634004","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=634004"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/634004\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/633965"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=634004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=634004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=634004"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=634004"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=634004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}