24
Feb
00:00
Egyptian Steel secures loan to fund prospective rebar steelworks
Egyptian Steel has secured a EGP 350 million ($45.87 million) credit agreement from Ahli United Bank to contribute towards a EGP 1.7 billion loan that is being used to finance its prospective Al Ain Sokhna steelworks, the producer tells Kallanish.
A consortium of five banks comprising Commercial International Bank, AlexBank, Bank Audi-Egypt, Emirates NBD and Ahli United have agreed to provide the loan, which has an eight-year term and includes working capita…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous