Orascom Hotels signs debut $158m equivalent deal

15 Jan 2010

Orascom Hotels and Development, a subsidiary of the Egyptian conglomerate, signed its first syndicated loan on Monday, an E£850m ($158m) seven year facility.

The deal pays 150bp above Egypt’s lending corridor rate. Banque Misr, which committed E£125m, and National Bank of Egypt, which lent E£100m, arranged the loan.

Ahli ...

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