Orascom Hotels signs debut $158m equivalent deal
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 Egypts 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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