|
Cairo 29 June 2004 – Helwan Fertilizer Company has acquired a $202 million loan as a part of the investment needed for building its Nitrogenous Fertilizer plant which has a total value of $335 million.
The project aims to produce 1200 ton/day of Ammonia as an intermediate product and 1925 ton/day of urea fertilizer.
The loan was syndicated by a group of local and international banks, Misr Bank 18%, The Arab African International Bank 13%, HSBC 12%, NSGB 7.5%, Alexandria Bank 7.5%, The Arab Bank 6.5%, UPEA of Italy 2.5% and Saudi Finance Bank 3%. Misr International Bank participated with 30% of the loan and was the lead arranger.
|
