The facility was structured as a medium-term loan
and the deal was won by the BankDhofar-led consortium in the face of stiff competition from other local and regional banks.
The mobile operator, which markets its services under the Mobinil brand, will repay the finance through a medium-term loan
with a size of EGP1bn, which will again be provided by the three financial entities.
The medium-term loan
has a two-year grace period and is to be repaid by 2016.
The proposal, submitted on 31 October, provides for granting Budapest a medium-term loan
of 6.5 billion, to be released in five instalments at most.
The regional branch said it successfully closed a pounds 200 million medium-term loan
facility deal for the Co-operative Group.
Pakistan is negotiating a medium-term loan
package with the International Monetary Fund (IMF) under the Poverty Reduction and Growth Facility for consideration by its board in the first week of December.
(SODIC) added that its subsidiary had inked a medium-term loan
contract with the bank in July worth LE 950 million to finance Villette SODIC Sky Condos project in New Cairo.
IFC's medium-term loan
will help increase the availability of banking services and financial products for Kyrgyz small and medium enterprises at a time of limited funding opportunities in the country and the current challenging global economic environment.
Blues did let one player go yesterday in a medium-term loan
Arab African International Bank (AAIB) has announced the signing of a medium-term loan
contract with Sorel Real Estate Investment Company (that belongs to SODIC), bringing the total amount of financing to EGP 1.4bn to finance the expansion phases of the VILET project.
SODIC unit, AAIB ink deal to raise credit facility to LE1.4B SOREAL for Real Estate Development had inked a LE 950 million medium-term loan
with the bank in July to finance Villette project.
The newswire reports that the debt pile is over GBP 400 million ($634 million) and that current negotiations focus on a GBP60 million medium-term loan
facility that requires refinancing immediately.