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Country-Plan Projects and Tenders |
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6428 Subject |
202 مليون جنيه تمويل من 16 بنك مصري وعربي لشركة حلوان للاسمدة A consortium of 16 Egyptian, Arab & International Banks raising $ 202 million syndicated loan to Helwan Fertilizers Co. |
| Date Published | Sunday, June 27, 2004 |
| Source Name | Al Alam Al Yom |
| Location Name | Cairo |
| Description | A consortium of 16 Egyptian, Arab & International Banks have raised $ 202 million syndicated loan to Helwan Fertilizers Co. to back its ammonia/ urea project. Loan lead manager is Misr International Bank. Other 15 banks involved include NSGB, Egyptian Saudi Finance House, National Development Bank, Arab African International Bank, Abu Dhabi National Bank, Cairo Barclays Bank, ABC Egypt, Faisal Islamic Bank, National Investment Bank, Alexandria Bank, El Watani Egyptian Bank, Egypt Branch of the Arab Bank, Jeddah based Islamic Development Bank & HSBC. This is the fifth project to produce fertilizers, which has obtained loans from banks over the past few months, four of which are to produce nitrogen fertilizers depending on available natural gas supplies. (Development documents utmost strong confidence in the future potential of Egypt fertilizers industry, supported by ample natural gas supplies. Observers predict Egypt fertilizer exports to represent, in few years, a tangible portion of the country fast growing untraditional commodity exports.) |
| Sectors Section |
Beneficiary Sectors - Construction Projects Integrated works Steel Structure, Possible Prefab - Agriculture & Food Fertilizers & Agro Chemicals - Industry Fertilizers & Agro Chemicals |
