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Country-Plan Projects and Tenders |
| 8972 Subject |
1.5 مليار دولار قيمة الاستثمارات للسنوات الخمس القادمة لشركة تابعة للشركة العامة للبترول An affiliate to EGPC - Egyptian General Petroleum Corp., has issued a $ 1,553 million bonds and it was covered by more than 1.5 times by international finance institutions. |
| Date Published | Thursday, July 28, 2005 |
| Source Name | Asharq Al Awsat |
| Location Name | Country Wide |
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Description Date Format: (mm/dd/yyyy) |
An affiliate to EGPC - Egyptian General Petroleum Corp., has issued a $ 1,553 million bonds and it was covered by more than 1.5 times by international finance institutions. A distinguished, unnamed, source of the Ministry of Petroleum, quoted in the media, indicated the offering included three trenches, a $ 400 million trench & another $250 million trench for repayment by 2010 bearing 4.1 % & 4.2 % interest and a third $ 903 million trench for repayment by 2011 bearing 5.1 % interest. The source revealed part of the receipts would consolidate the country foreign currency reserves with the balance to finance new petrochemicals & natural gas projects. |
| Sectors Section | Beneficiary Sectors - Petroleum - Oil, Gas & Petrochemicals Production - Economy Economy |
