Egypt launches its debut $2bn ESG Loan & Islamic Financing Facility

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• The ESG tranche would be utilized towards green projects as per Egypt's Ministry of Finance (MoF) Green Financing Framework
• The Islamic tranche would be utilized towards budgetary requirements

RIYADH: Egypt is launching a $2 billion ESG term loan and Islamic term financing facility, the Emirates NBD Capital Limited said.

The Facility incorporates a tenor of 3-years, according to a company statement.

The ESG tranche would be utilized towards green projects as per Egypt's Ministry of Finance (MoF) Green Financing Framework, implemented September 2020. The Islamic tranche would be utilized towards budgetary requirements.

Emirates NBD and First Abu Dhabi Bank are appointed as the joint Global Coordinators and the Initial Mandated Lead Arrangers & Bookrunners on the deal.