{"id":637020,"date":"2017-11-06T03:49:08","date_gmt":"2017-11-06T03:49:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/banks-want-guaranteed-to-grant-egyptair-usd-870-mn-loan\/"},"modified":"2017-11-06T03:49:08","modified_gmt":"2017-11-06T03:49:08","slug":"banks-want-guaranteed-to-grant-egyptair-usd-870-mn-loan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/06\/banks-want-guaranteed-to-grant-egyptair-usd-870-mn-loan\/","title":{"rendered":"Banks want guaranteed to grant EgyptAir USD 870 mn loan"},"content":{"rendered":"

Banks in talks with EgyptAir over a USD 870 mn loan to revamp its fleet are stipulating that the facility be guaranteed by the Finance Ministry,banking sources told Al Shorouk<\/a>. Reports emerged in October<\/a> that the airline is seeking a loan of USD 870 mn to finance a portion of its purchase of new aircraft. The airline is in talks with 25 private and public banks and is planning to spend USD 5 bn on new aircrafts.<\/p>\n","protected":false},"excerpt":{"rendered":"

Banks in talks with EgyptAir over a USD 870 mn loan to revamp its fleet are stipulating that the facility be guaranteed by the Finance Ministry,banking sources told Al Shorouk. Reports emerged in October that the airline is seeking a loan of USD 870 mn to finance a portion of its purchase of new aircraft. 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Reports emerged in October that the airline is seeking a loan of USD 870 mn to finance a portion of its purchase of new aircraft. 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EgyptAir has already begun negotiations with National Bank of Egypt, Banque Misr, and Banque du Caire, sources say. The national flag carrier has reportedly\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":634942,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/egyptair-in-talks-with-international-banks-for-usd-800-mn-loan\/","url_meta":{"origin":637020,"position":1},"title":"EgyptAir in talks with international banks for USD 800 mn loan","author":"enterpriseam admin","date":"29 January 2018","format":false,"excerpt":"EgyptAir is in talks with international banks to borrow USD 800 mn for the purchase of new aircrafts to upgrade their fleet, banking sources told Al Shorouk. The sources disclosed that amongst the institutions involved in the conversation are Citigroup and JP Morgan. EgyptAir is planning on spending a total\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":574053,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/27\/gasco-in-talks-to-obtain-usd-300-mn-loan-for-expansions\/","url_meta":{"origin":637020,"position":2},"title":"GASCO in talks to obtain USD 300 mn loan for expansions","author":"enterpriseam admin","date":"27 August 2020","format":false,"excerpt":"The Egyptian Natural Gas Company (GASCO) is in talks with three unnamed local banks for a loan of up to USD 300 mn to finance the expansion and maintenance of the natural gas grid, Al Mal reports, citing unnamed sources in the know. The loan is expected to carry a\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":597966,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/empower-seeks-usd-154-mn-in-funding-from-banks\/","url_meta":{"origin":637020,"position":3},"title":"Empower seeks USD 154 mn in funding from banks","author":"enterpriseam admin","date":"9 May 2019","format":false,"excerpt":"Renewable energy company Empower is currently in talks with local and international banks for a USD 154 mn loan to finance the construction of 32 waste-to-energy electricity stations, Chairman Hatem El Gamal said, according to the local press.","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":571657,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/19\/al-ezz-dekheila-steel-in-talks-with-local-banks-for-egp-3-bn-loan-to-finance-working-capital\/","url_meta":{"origin":637020,"position":4},"title":"Al Ezz Dekheila Steel in talks with local banks for EGP 3 bn loan to finance working capital","author":"enterpriseam admin","date":"19 May 2020","format":false,"excerpt":"Al Ezz Dekheila Steel is in talks with local banks for an EGP 3 bn facility to finance working capital, Al Shorouk reports, quoting unnamed banking sources; the facility would reportedly include a USD 100 mn foreign currency tranche.","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":573895,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/23\/local-banks-joining-uaes-mashreq-in-arranging-usd-360-mn-loan-to-evergrow\/","url_meta":{"origin":637020,"position":5},"title":"Local banks joining UAE\u2019s Mashreq in arranging USD 360 mn loan to Evergrow","author":"enterpriseam admin","date":"23 August 2020","format":false,"excerpt":"At least five banks \u2014 the National Bank of Egypt, Banque Misr, Suez Canal Bank, the Housing and Development Bank, and EG Bank \u2014 are participating in a USD 360 mn loan the UAE\u2019s Mashreq Bank is arranging for Evergrow Speciality Fertilizers, reports Al Shorouk. 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