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Tuesday, 28 April 2020

NRA in talks with Banque Misr, National Bank of Egypt for EGP 3 bn loan

The National Railways Authority is closing in on a EGP 3 bn loan agreement with Banque Misr and the National Bank of Egypt to finance the authority’s transition to an electric railway signaling system and the purchase of spare parts for its fleet, according to Al Mal. NBE is the lead arranger for the loan, with each bank providing EGP 1.5 bn. The loan will carry a 16-year tenor.

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