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Tuesday, 3 November 2020

Who’s in the market for debt? Vetopharm Int’l + EDB

Vetopharm International has obtained a EGP 650 mn syndicated loan from local banks to finance a new production facility in the Borg Al Arab Industrial Zone, according to the local press. The banks include the Export Development Bank Of Egypt, Egyptian Arab Land Bank, Industrial Development Bank, Suez Canal Bank, and Housing and Development Bank.

The Export Development Bank has secured USD 15 mn from the Green for Growth Fund to on-lend to clients for energy efficiency projects, the bank said in a regulatory filing (pdf).

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