Banque Misr latest Egyptian bank to seek loan

Egypt pyramids and camel px230 for gc
By Michael Turner
16 May 2018

Egypt’s Banque Misr is looking to raise dollar funding from the loan market, according to lenders, continuing the trend of financial institutions in the country raising international bank debt.

Banque Misr wants to raise funds over the summer, two Middle East-based loans bankers said.

The Egyptian state-owned bank has already hired an arranger, said one of the bankers. Banque Misr could not be reached for comment.

This is the second Egyptian financial institution to approach ...

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