VOL. XLIV
No. 06
5-February-2001
EGYPT
Egypts MobiNil In Negotiations ToRestructure $220Mn Loan
The Egyptian Company for MobileServices (MobiNil) confirmed on 31 January that it is in discussions withcreditors to restructure all or part of a $220mn syndicated loan, in whatanalysts see as a response to the Egyptian pounds devaluation. The aim is toconvert at least part of the firms existing loan into Egyptian pounds to limitforeign exchange exposure. We are hoping to refinance at better terms,...
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