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| OCI signs US$ 736.5 million syndicated loan facility Orascom Construction Industries (OCI), Egypt's largest listed builder, announced that it has signed and finalized a US$ 736.5 million five-year syndicated loan facility. The Facility is structured on two equal tranches of US$ 368.25 million. Tranche A will be a Medium Term Loan and Tranche B a Revolving Credit Facility. The Facility will help finance future company investments. The Facility was arranged by a syndicate of both local and international financial institutions. The following banks acted as mandated lead arrangers: Arab Bank PLC, Barclays Capital, the investment banking division of Barclays Bank PLC ("Barclays Capital"), Banque Misr S.A.E, BNP Paribas, Citi, Piraeus Bank Egypt and National Bank of Abu Dhabi. Citi was the Global Transaction Coordinator. In addition, Barclays Capital, Citi and National Bank of Abu Dhabi acted as the International Book-runners, while Banque Misr S.A.E acted as the Local Book-runner and Agent Bank. Arab Bank PLC was the Documentation Bank. write your comments about the article :: © 2008 Construction News :: home page |