National Bank of Egypt's $350m three year facility is being well received in the market. A number of commitments have already been received ahead of close, which is scheduled next week. ABC, Citigroup/SSB, Bank of Tokyo-Mitsubishi and Standard Chartered are the arrangers. The loan carries a margin of 75bp over Libor. The mandate to arrange the $50m one year facility for African Export-Import Bank (Afreximbank) has been awarded to WestLB, KBC, Natexis Banques Populaires, RZB, Standard Chartered and WGZ. The credit is due to be launched into the market next week.
April 19, 2002