Articles > Newspapers > International Newspapers, Major Markets > TendersInfo news wires > July 2009

Article: United Arab Emirates: NRTC secures loan to finance fleet construction.

Article from:
TendersInfo
Article date:
July 15, 2009
Copyright

Byline: sanjayV03

National River Transportation Company announced it has obtained an EGP325m syndicated loan to assist in the financing of part of its planned fleet of over 90 state-of-the-art, environmentally friendly river transport barges.

Banque Misr is lead arranger and facility agent and is providing EGP122m of the package. It is joined by Arab African International Bank as lead arranger and security agent (EGP108m) and the Bank of Alexandria as lead arranger (EGP95m).

said Hisham El-Khazindar, Citadel Capital's Managing Director and Co-Founder.

The seven-year loan will be used to finance 24 of the more than 90 barges NRTC will ...

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