{"id":652045,"date":"2017-02-27T04:19:45","date_gmt":"2017-02-27T04:19:45","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/phd-looking-to-borrow-egp-852-mn-from-egyptian-banks\/"},"modified":"2017-02-27T04:19:45","modified_gmt":"2017-02-27T04:19:45","slug":"phd-looking-to-borrow-egp-852-mn-from-egyptian-banks","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/phd-looking-to-borrow-egp-852-mn-from-egyptian-banks\/","title":{"rendered":"PHD looking to borrow EGP 852 mn from Egyptian banks"},"content":{"rendered":"

Palm Hills Developments (PHD) says it is looking to borrow EGP 852 mn to finance a number of projects, according to a regulatory disclosure<\/a>. PHD denied it has already reached a final loan agreement with National Bank of Egypt and National Bank of Abu Dhabi-Egypt for the funding and that it is still in talks with a number of banks to find the most suitable financing opportunity.<\/p>\n","protected":false},"excerpt":{"rendered":"

Palm Hills Developments (PHD) says it is looking to borrow EGP 852 mn to finance a number of projects, according to a regulatory disclosure. PHD denied it has already reached a final loan agreement with National Bank of Egypt and National Bank of Abu Dhabi-Egypt for the funding and that it is still in talks […]<\/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":[9304],"tags":[72,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-652045","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"05bf9639-e601-441a-9870-4a5c943414a3","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[652005],"teaser":"","voice_url":""},"yoast_head":"\nPHD looking to borrow EGP 852 mn from Egyptian banks - 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\/02\/27\/phd-looking-to-borrow-egp-852-mn-from-egyptian-banks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PHD looking to borrow EGP 852 mn from Egyptian banks\" \/>\n<meta property=\"og:description\" content=\"Palm Hills Developments (PHD) says it is looking to borrow EGP 852 mn to finance a number of projects, according to a regulatory disclosure. PHD denied it has already reached a final loan agreement with National Bank of Egypt and National Bank of Abu Dhabi-Egypt for the funding and that it is still in talks […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/phd-looking-to-borrow-egp-852-mn-from-egyptian-banks\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-02-27T04:19:45+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\/2017\/02\/27\/phd-looking-to-borrow-egp-852-mn-from-egyptian-banks\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/phd-looking-to-borrow-egp-852-mn-from-egyptian-banks\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"PHD looking to borrow EGP 852 mn from Egyptian banks\",\"datePublished\":\"2017-02-27T04:19:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/phd-looking-to-borrow-egp-852-mn-from-egyptian-banks\/\"},\"wordCount\":75,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Real Estate + Housing\"],\"articleSection\":[\"Real Estate + Housing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/phd-looking-to-borrow-egp-852-mn-from-egyptian-banks\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/27\/phd-looking-to-borrow-egp-852-mn-from-egyptian-banks\/\",\"name\":\"PHD looking to borrow EGP 852 mn from Egyptian banks - 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The loan is provided by National Bank of Egypt (NBE) and National Bank of Abu Dhabi (NBAD) and carries an interest rate of 1.5% over the\u2026","rel":"","context":"In "Speed Round"","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":557678,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/28\/palm-hills-to-borrow-egp-2-5-bn-for-new-cairo-project\/","url_meta":{"origin":652045,"position":1},"title":"Palm Hills to borrow EGP 2.5 bn for New Cairo project","author":"enterpriseam admin","date":"28 September 2021","format":false,"excerpt":"A Palm Hills Development (PHD) subsidiary will borrow EGP 2.5 bn from Banque Misr and the National Bank of Egypt after signing a long-term financing agreement with the banks, NBE said in a statement (pdf) yesterday. Palm Investment and Real Estate Development will use the money to finance the company\u2019s\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\/2021\/9\/379.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":637072,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/07\/phd-to-delay-securitization-plan-until-interest-rate-drops\/","url_meta":{"origin":652045,"position":2},"title":"PHD to delay securitization plan until interest rate drops","author":"enterpriseam admin","date":"7 November 2017","format":false,"excerpt":"Palm Hills Developments (PHD) is delaying its EGP 500 mn securitized bond issuance until after interest rates drop, Managing Director Tarek Abdel Rahman tells Al Borsa. The company will be looking to the CBE\u2019s Monetary Policy Committee meeting on 16 November to gauge where interest rates are heading. He added\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":651235,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/07\/misr-italia-looking-to-borrow-egp-712-mn\/","url_meta":{"origin":652045,"position":3},"title":"Misr Italia looking to borrow EGP 712 mn","author":"enterpriseam admin","date":"7 February 2017","format":false,"excerpt":"Real estate developer Misr Italia is looking to borrow EGP 712 mn to fund its Cairo Business Park project in the Fifth Settlement, Amwal Al Ghad reported, citing an unnamed source. The National Bank of Egypt and the Arab Investment Bank have agreed to contribute EGP 312 mn and EGP\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":647870,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/22\/al-tayyar-looking-to-borrow-egp-1-6-bn-to-build-a-project-in-nasr-city\/","url_meta":{"origin":652045,"position":4},"title":"Al Tayyar looking to borrow EGP 1.6 bn to build a project in Nasr City","author":"enterpriseam admin","date":"22 May 2017","format":false,"excerpt":"Al Tayyar Group-Egypt is looking to borrow EGP 1.6 bn from a consortium of banks led by Bank Audi and Abu Dhabi Islamic Bank, Al Mal reports. The funding would allow it to develop a project in Nasr City.","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":646182,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/07\/phd-records-egp-470-mn-in-new-sales-in-palm-valley-mall-palm-central-projects\/","url_meta":{"origin":652045,"position":5},"title":"PHD records EGP 470 mn in new sales in Palm Valley Mall, Palm Central projects","author":"enterpriseam admin","date":"7 June 2017","format":false,"excerpt":"Sales in Palm Hills Developments\u2019 Palm Valley Mall and Palm Central projects in West Cairo recorded EGP 470 mn since their launch in April, the company said (pdf). Palm Valley Mall\u2019s new sales reached EGP 360 mn and is set to be completed in 2019. 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