Cairo – Mubasher: Egyptian Electricity Holding Co aims to raise a $700 million syndicated loan from Credit Suisse and HSBC.
The five-year loan, guaranteed by the Egyptian finance ministry, is being syndicated to international and Gulf banks, Reuters reported.
Earlier this May, the European Bank for Reconstruction and Development (EBRD) has agreed to grant Egypt an EUR 200 million sovereign loan to finance the development of the national electricity grid.
