India's Taj brand enters Egypt to operate Cairo's historic Continental Hotel    Egypt jumps 47 places in World Bank's Digital Government Index, ranks 22nd globally    Sovereignty and synergy: Egypt maps a new path for African integration    Gold prices in Egypt surge by over EGP 2,000 in 2025: iSagha    Egypt sends 15th urgent aid convoy to Gaza in cooperation with Catholic Relief Services    Egypt proposes direct Cairo-Lilongwe flight and airport rehabilitation in Malawi talks    Egypt's stocks start week in green on Sunday, 21 Dec., 2025    Egypt's Sisi directs efforts to continue fiscal stability, boost reserves    Al-Sisi meets Kurdistan Region PM Barzani, reaffirms support for Iraq's unity    Egypt's weekly food exports hit 192,000 tons – NFSA    Al-Sisi: Egypt seeks binding Nile agreement with Ethiopia    Mediterranean veterinary heads select Egypt to lead regional health network    Egyptian-built dam in Tanzania is model for Nile cooperation, says Foreign Minister    Egypt partners with global firms to localise medical imaging technology    The Long Goodbye: Your Definitive Guide to the Festive Season in Egypt (Dec 19 – Jan 7)    Egypt flags red lines, urges Sudan unity, civilian protection    Al-Sisi affirms support for Sudan's sovereignty and calls for accountability over conflict crimes    Central Bank of Egypt, Medical Emergencies, Genetic and Rare Diseases Fund renew deal for 3 years    Egypt's SPNEX Satellite successfully enters orbit    Egypt unveils restored colossal statues of King Amenhotep III at Luxor mortuary temple    Egyptian Golf Federation appoints Stuart Clayton as technical director    4th Egyptian Women Summit kicks off with focus on STEM, AI    Egypt's PM reviews major healthcare expansion plan with Nile Medical City    UNESCO adds Egyptian Koshari to intangible cultural heritage list    UNESCO adds Egypt's national dish Koshary to intangible cultural heritage list    Egypt recovers two ancient artefacts from Belgium    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Giza master plan targets major hotel expansion to match Grand Egyptian Museum launch    Australia returns 17 rare ancient Egyptian artefacts    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches Red Sea Open to boost tourism, international profile    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Mobinil's Loan Arrangers To Sign MoU Next Week
Abd Elhalem Elgendy Published in Amwal Al Ghad on 28 - 06 - 2012

The National Bank of Egypt (NBE), Banque Misr, Commercial International Bank (CIB) and HSBC, arranging a loan for the Egyptian Company for Mobile Services Mobinil, will sign the finance memorandum of understanding next week.
Sources told Amwal Al Ghad that these banks have agreed on the conditions and the contributions of each bank in the EGP 2.5 billion loan. NBE will contribute with EGP 850 million, Banque Misr and CIB will contribute with EGP 650 million and HSBC will contribute with EGP 350 million, sources added.
As the loan book-runner, NBE will assign other banks to contribute between EGP 300 million and EGP 350 million and will keep the rest of his contribution totaled to EGP 850 million.
Mobinil will use the 7-year loan to finance future local expansions and refinance current debts.
A consortium compromising of NBE, CIB and NSGB offered EGP 2 billion loan to Mobinil last year of which NBE contributed with EGP one billion and CIB and NSGB offered EGP one billion.

Clic here to read the story from its source.