VOL. XLII

No. 14

5-April-1999

EGYPT

HSBC Wins Mandate To Advise Ademco On $420Mn Loan Package

Aswan Development & Mining Company (Ademco) has awardedHSBC Investment Bank the mandate to arrange a loan package which is expected toreach over $420mn to finance the establishment of Aswan Iron & SteelCompany (Aisco). The deal will be the largest project finance transactionundertaken in Egypt by HSBC, which beat competitors for the project BanqueParibas, Westdeutsche Landesbank Girozentrale and...