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BRIEF-Palm Hills Developments inks EGP 852 mln syndicated medium term loan
April 9, 2017 / 1:30 PM / 8 months ago

BRIEF-Palm Hills Developments inks EGP 852 mln syndicated medium term loan

April 9 (Reuters) - Palm Hills Developments Company :

* Inks EGP 852 million syndicated medium term loan to finance recently acquired 190 feddan in West Cairo

* EGP 852 million loan is jointly provided by National Bank of Egypt and National Bank of Abu Dhabi at interest rate of 1.5 percent

* EGP 852 million syndicated loan is for a tenor of 8.5 years Source: (bit.ly/2oSq04W) Further company coverage:

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