Egypt gets a joint loan of $ 2 billion

Dubai, January 24 / WAM / The Arab Republic of Egypt signed, through the Ministry of Finance, to facilitate a joint loan of $ 2 billion.
According to a statement issued today, Emirates NBD Capital, Ltd., has worked as an investment banking arm of Emirates NBD, with Standard Charterd as international coordinators and major commissioners and subscription managers, as each of them worked individually and collectively coordinated in achieving these roles.
Facilitating the joint loan is in line with Egypt’s strategy to diversify the sources of financing through the international and regional joint loan market.
The outcome of the facilitation will be used primarily to finance the financial requirements of the state’s public treasury and support it in preserving its economic path in light of the challenges and fluctuations of global markets, while preserving the inmate path of religion, as this facilitation comes after a successful full settlement to facilitate the joint loan at a value of 3 billion US dollars in November 2024.
The loan has been covered by more than 2.5 times through a group of banks and international financial institutions and the conclusion of a successful deal, and that confirms the success of the deal and the confidence of the strong regional and international investors in the Egyptian economy, as well as the high credit wall of Egypt.
“We are proud of the attention that we received from regional and international banks in this joint financing, and this loan is worth $ 2 billion, which confirms the strength and flexibility of the Egyptian economy and the confidence of investors in economic reforms,” ​​said Ahmed Kajuk, the Egyptian Minister of Finance.
He added that Egypt continues to diversify its sources of funding, as part of a disciplined financial plan to maintain economic stability, financial sustainability and the sustainability of religion. Emirates NBD and Standard Charterd showed exceptional experience in completing this deal successfully.
The success of the issuance of this financing highlights Egypt’s strong position between emerging markets and the increasing confidence of investors from other countries in its economic future.
For his part, Mohamed Gad, CEO of Standard Chartered Egypt, said that Egypt has a great strategic importance for Standard Charterd, and this successful version supports our commitment to the state, and is in line with our efforts to enhance the growth of the Egyptian economy while achieving the goals shown in Egypt’s Vision 2030.
The joint facilitation ended with the participation of a variety of regional and international lenders.

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