The Arab Republic of Egypt, one of the largest and most diversified emerging markets in the Middle East and North Africa (MENA) region, has successfully signed a USD 2 billion Syndicated Facility. The deal was successfully closed by Emirates NBD Capital Limited, the investment banking arm of Emirates NBD, and Standard Chartered. The Syndicated Facility was signed through the Ministry of Finance, marking a significant step in Egypt's economic growth and development strategy.

The Syndicated Facility aligns with Egypt’s strategy to diversify its sources of funding through access to international and regional syndicated loan markets. The proceeds of the Facility will primarily be utilised to finance the country’s budgetary requirements and support the country in safeguarding its strong economic path in the prevailing volatile global markets. This move aims to maintain a decreasing debt trajectory as this facility follows the successful full settlement of a USD 3 billion Syndicated Facility in November 2024.

The Facility was launched to a select group of Islamic and Conventional investors in general syndication. The transaction received an overwhelming response from the market with more than 2.5 times oversubscription. The Borrower chose to exercise the green-shoe option to upsize the Facility to USD 2 billion from the size at launch of USD 1.5 billion, post scale-back. This success reiterates the strong regional and international investor confidence in the Egyptian economy, and its progressive credit story.

For those interested in starting their own rewarding banking journey, Emirates NBD offers a range of tailored banking packages. Their dedicated support center can provide answers to all banking-related questions, and their cards offer a range of exciting rewards and benefits.

In conclusion, this Syndicated Facility secured by Egypt showcases the country's commitment to bolstering its economic growth. It also demonstrates the confidence of regional and international investors in the Egyptian economy, further strengthening its position in the MENA region.