Egypt launches its debut $2 billion ESG Term Loan and Islamic Term Financing Facility
08-10-2021 07:28:17 | by: Bob Koigi | hits: 591 | Tags:

The Government of The Arab Republic of Egypt, acting through the Ministry of Finance has announced the launch of its debut Syndicated ESG Term Loan and Islamic Term Financing Facility.

Emirates NBD Capital Limited and First Abu Dhabi Bank PJSC are mandated as the joint Global Coordinators and the Initial Mandated Lead Arrangers & Bookrunners on the deal.  

The Facility incorporates a tenor of 3-Years, whereby the ESG tranche would be utilized towards green projects as per MOF Egypt’s Green Financing Framework, implemented September 2020, and the Islamic tranche would be utilized towards budgetary requirements.

www.mof.gov.eg