Cairo – Mubasher: The Egyptian Ministry of Finance has launched its debut syndicated environmental, social, and governance (ESG)-linked term loan and Islamic term financing facility worth $2 billion.
The three-year facility includes an ESG tranche which will be used to finance green projects as per the ministry's green financing framework, implemented in September 2020, and an Islamic tranche which will be used to finance budgetary requirements, according to a statement on Thursday.
Emirates NBD Capital Limited and First Abu Dhabi Bank acted as joint global coordinators, initial mandated lead arrangers, and bookrunners on the transaction.
