{"id":650016,"date":"2017-03-14T04:01:56","date_gmt":"2017-03-14T04:01:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/14\/eg-bank-qnb-to-fund-21-of-electricity-holding-companys-egp-20-bn-loan\/"},"modified":"2017-03-14T04:01:56","modified_gmt":"2017-03-14T04:01:56","slug":"eg-bank-qnb-to-fund-21-of-electricity-holding-companys-egp-20-bn-loan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/14\/eg-bank-qnb-to-fund-21-of-electricity-holding-companys-egp-20-bn-loan\/","title":{"rendered":"EG Bank, QNB to fund 21% of Electricity Holding Company\u2019s EGP 20 bn loan"},"content":{"rendered":"

The Egyptian Gulf Bank (EG Bank) and Qatar National Bank (QNB) will fund 21% of a EGP 20 bn facility for the Egyptian Electricity Holding Company (EEHC), Al Mal<\/a> reports. EG Bank will provide EGP 2.5 bn, QNB will contribute with EGP 1.7 bn. The National Bank of Egypt (NBE) and Banque Misr were tapped in January<\/a> by the EEHC to arrange for the syndicated loan, with Banque Misr lending EGP 3.6 bn. NBE is working is looking to get other banks to finance a EGP 1-1.5 bn tranche of the facility. EEHC had also requested that NBE and Banque arrange a separate EGP 37 bn loan earlier this year<\/a> to fund the company\u2019s expansions in power distribution and transmission projects. Other banks have reportedly been asked to come in on the 15-year loan.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Egyptian Gulf Bank (EG Bank) and Qatar National Bank (QNB) will fund 21% of a EGP 20 bn facility for the Egyptian Electricity Holding Company (EEHC), Al Mal reports. EG Bank will provide EGP 2.5 bn, QNB will contribute with EGP 1.7 bn. The National Bank of Egypt (NBE) and Banque Misr were tapped […]<\/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-650016","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"9373a940-cab7-406e-b896-fa32824d412a","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[649981],"teaser":"","voice_url":""},"yoast_head":"\nEG Bank, QNB to fund 21% of Electricity Holding Company\u2019s EGP 20 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\/2017\/03\/14\/eg-bank-qnb-to-fund-21-of-electricity-holding-companys-egp-20-bn-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EG Bank, QNB to fund 21% of Electricity Holding Company\u2019s EGP 20 bn loan\" \/>\n<meta property=\"og:description\" content=\"The Egyptian Gulf Bank (EG Bank) and Qatar National Bank (QNB) will fund 21% of a EGP 20 bn facility for the Egyptian Electricity Holding Company (EEHC), Al Mal reports. 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