There’s more detail out on Banque Misr’s plans to raise a five-year syndicated loan guaranteed by the central bank. Reuters cites unnamed sources as suggesting the loan, an amortising facility, is expected to be about USD 350 mn and offers a margin of 500 bps over LIBOR. “The bank has mandated ADIB Capital and Credit Suisse to arrange the transaction, which was launched to syndication in the second half of November,” David Barbuscia writes for the newswire. Sources said the central bank’s guarantee is a positive factor, but that the “proposed five-year maturity was unusual for financial institutions, which generally raised syndicated loans with shorter tenors.” Another source said having Credit Suisse as one of the arrangers indicates “that the lead banks have the capacity to underwrite and hold a large part of the requested amount” and that Banque Misr should not have trouble closing the transaction.