{"id":647162,"date":"2017-05-03T03:57:30","date_gmt":"2017-05-03T03:57:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/03\/egpc-now-asking-for-a-egp-15-bn-loan-up-from-egp-10-bn\/"},"modified":"2017-05-03T03:57:30","modified_gmt":"2017-05-03T03:57:30","slug":"egpc-now-asking-for-a-egp-15-bn-loan-up-from-egp-10-bn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/03\/egpc-now-asking-for-a-egp-15-bn-loan-up-from-egp-10-bn\/","title":{"rendered":"EGPC now asking for a EGP 15 bn loan, up from EGP 10 bn"},"content":{"rendered":"

The Egyptian General Petroleum Company (EGPC) is looking to increase the value of a loan it is seeking to EGP 15 bn from an initial estimate of EGP 10 bn, Al Mal<\/a> reports. EGPC was first reported to be in the market for an EGP 10 bn loan late in March<\/a> to finance fuel imports. The syndicated loan is being arranged by CIB and includes a consortium of 10 banks. Sources said there will be no foreign currency tranches in the loan, which will carry a tenor of five-to-eight years, and the EGPC will source its own foreign currency to pay for the imports.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Egyptian General Petroleum Company (EGPC) is looking to increase the value of a loan it is seeking to EGP 15 bn from an initial estimate of EGP 10 bn, Al Mal reports. EGPC was first reported to be in the market for an EGP 10 bn loan late in March to finance fuel imports. […]<\/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-647162","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"72278db7-4bd3-48d7-9a4d-8f1bb5b98fff","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[647127],"teaser":"","voice_url":""},"yoast_head":"\nEGPC now asking for a EGP 15 bn loan, up from EGP 10 bn - 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\/2017\/05\/03\/egpc-now-asking-for-a-egp-15-bn-loan-up-from-egp-10-bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EGPC now asking for a EGP 15 bn loan, up from EGP 10 bn\" \/>\n<meta property=\"og:description\" content=\"The Egyptian General Petroleum Company (EGPC) is looking to increase the value of a loan it is seeking to EGP 15 bn from an initial estimate of EGP 10 bn, Al Mal reports. EGPC was first reported to be in the market for an EGP 10 bn loan late in March to finance fuel imports. 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Four-to-five private banks are funding the facility that is expected to carry a tenor of five-to-eight years, unnamed sources said. The sources\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":599859,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/13\/nbe-looks-to-arrange-egp-2-4-bn-syndicated-loan-for-egpc\/","url_meta":{"origin":647162,"position":1},"title":"NBE looks to arrange EGP 2.4 bn syndicated loan for EGPC","author":"enterpriseam admin","date":"13 January 2019","format":false,"excerpt":"The National Bank of Egypt is in talks with local banks to arrange a EGP 2.4 bn syndicated loan for the Egyptian General Petroleum Company (EGPC), banking sources told Al Shorouk. 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The two companies, both subsidiaries of the Egyptian General Petroleum Company (EGPC), are hoping to double an old loan of the same amount\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":567165,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/14\/egpc-borrows-usd-500-mn-from-afrexim-nbe-to-finance-crude-imports\/","url_meta":{"origin":647162,"position":3},"title":"EGPC borrows USD 500 mn from Afrexim, NBE to finance crude imports","author":"enterpriseam admin","date":"14 January 2020","format":false,"excerpt":"The Egyptian General Petroleum Corporation (EGPC) will borrow USD 500 mn from the African Export-Import Bank (Afrexim) and the National Bank of Egypt (NBE) to finance imports of crude and petroleum products, banking sources told Al Shorouk. 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The loan will include ESG and Islamic finance components, with the ESG tranche set to target green projects under the Finance Ministry\u2019s green financing framework, Emirates NBD,\u2026","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"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":647162,"position":5},"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. 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