VOL. XLI

No. 28

13-July-1998

EGYPT

Apicorp Is Arranging Two Loans Of $310Mn For Egyfert

The OAPEC-sponsored Arab Petroleum Investments Corporation (Apicorp) is arranging incooperation with a number of Egyptian local banks two loans totaling $310mn for the newlyestablished Egyptian Fertilizer Company (Egyfert). Both loans - one for $210mn and anotherbridge finance for $100mn to cater for the more immediate financial requirements - are nowin the underwriting phase, with the general syndication...