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DEBT WATCH- SCZone wants a big loan to fund green hydrogen projects: The General Authority for the Suez Canal Economic…
The loan could go towards one of the port’s three logistics areas
The issuance could be followed with another USD 1 bn green sukuk
The port operator is on an aggressive expansion spree
The 10-year loan will partially cover the construction and development costs for the project
The loan will finance the construction of the terminal, as well as cargo handling equipment and workforce training
The company is planning to have a fleet of about 300 aircraft by the end of the decade
The company has significantly reduced its debt and improved its financial position, Fitch says
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