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Monday, 9 July 2018

Banque Misr lends EEHC USD 230 mn to finance investment plans

Banque Misr is lending the Egyptian Electricity Holding Company (EEHC) USD 230 mn to finance the company’s investment plans, an unnamed EEHC source tells Al Shorouk. The source declined to disclose the planned investments. The bank is sourcing the funding from a USD 500 mn loan it received from the China Development Bank in 2016. The EEHC had signed last month a USD 900 mn syndicated loan agreement to pay off its foreign currency obligations.

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