Middle East Economic Survey
Banque Du Caire Secures $120Mn Syndicated Term Loan Facility
Banque du Caire on 14 June signed an agreement to receive a $120mn three-year syndicated term loan facility, with the amount increased from the originally proposed $100mn due to oversubscription at syndication. The loan will carry a margin of 70 bps per annum plus front-end fees (MEES, 3 May). There was broad support from regional and international banks, with a...