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Egypt's Orascom plans to take a loan

  • Egypt: Tuesday, February 19 - 2008 at 08:03

Egypt's Orascom Telecomis in talks with 12 banks to arrange a $2.5bn syndicated loan that will refinance its existing debt, reported Reuters. The 12 banks expected to be appointed to lead the deal are Banque Misr, Barclays, BNP Paribas, Calyon, HSBC, ING, JP Morgan, Mashreq Bank, National Bank of Egypt, Standard Bank, Standard Chartered Bank and WestLB.

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