Arab Finance: The state-owned Misr Petroleum Company signed a joint financing agreement worth 10 billion pounds with a banking alliance consisting of nine banks, according to… Statement Issued by the National Bank of Egypt, which confirmed what was stated in previous reports, and provided some new details.
The National Bank of Egypt assumed the role of primary lead arranger, underwriter, financing marketer, and financing agent, and also contributed EGP 750 million to the loan.
CIB played the role of primary lead arranger, underwriter, finance marketer and debt service account bank, contributing two billion pounds.
While Qatar National Bank assumed the role of initial lead arranger, underwriter, financing marketer, and document bank, and contributed 3 billion pounds, and the Arab African International Bank assumed the role of primary lead arranger, underwriter, financing marketer, and security agent, and contributed two billion pounds.
Banque du Caire played the role of the main arranger and guarantor of coverage, and contributed 750 million pounds.
Al Ahli Bank of Kuwait assumed the role of guarantor and contributed 500 million pounds.
MedBank played the role of underwriter and contributed 400 million pounds.
The Egyptian Gulf Bank assumed the role of coverage guarantor, contributing 300 million pounds, and the Egyptian Agricultural Bank played the role of coverage guarantor, contributing 300 million pounds.
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