Egypt looking for $2 billion in syndicated mortgage - Emirates NBD By Reuters

Egypt looking for $2 billion in syndicated mortgage – Emirates NBD By Reuters

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© Reuters. FILE PHOTO: A common view reveals Tahrir Sq., after its renovation, following the outbreak of the coronavirus illness (COVID-19), in Cairo, Egypt July 13, 2020. REUTERS/Mohamed Abd El Ghany/File Photograph

CAIRO (Reuters) – The Egyptian authorities has launched a 3-year syndicated mortgage with inexperienced and Islamic finance parts with the goal to boost $2 billion, Emirates NBD financial institution mentioned in an announcement on Thursday.

Emirates NBD Capital Ltd and First Abu Dhabi Financial institution PJSC are mandated because the joint international coordinators, lead arrangers and bookrunners on the deal, the United Arab Emirates-based financial institution mentioned.

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