HSBC | Egypt Oil & Gas - Part 2
Aramco to Raise $10b Prior to IPO
Saudi Arabia’s oil giant Saudi Aramco has hired four banks as advisers to its first bond sale, possibly by June 2017, ahead of a planned initial public offering (IPO) in 2018, in order to raise as much as $10b in bond...
Israel’s Leviathan Gas Field Secured $1.75b Financing
The local partners in Israel’s giant Leviathan natural gas field say they have signed commitment letters with two major banks for up to . 75b in financing, Oil Price reported. Israel’s Delek Drilling and Avner Oil Exp...
Cairo Obtained $2.2m Loan for Power Plant
Cairo Electricity Production Company’s CEO, Mohamed Mokhtar, stated that the company has finalized a loan of around $2.2m from HSBC bank at an interest rate of 3%. The amount will be used to fund the constructio...
GNPC Received $500m LOC for Sankofa Gas
HSBC and Standard Chartered issued a $500m letter of credit (LOC) to Ghana National Petroleum Corporation (GNPC) to guarantee payments for gas extracted in 2018 from the offshore Sankofa field, Reuters Reported. The b...
International Banks to Finance $3.97b COGAS Power Plants in Egypt
Deutsche Bank, HSBC, and KfW IPEX-Bank have jointly structured and arranged the Hermes-underwritten financing for the Beni Suef, Burullus and New Capital COGAS plants in Egypt, wrote CPI Financial. A consortium of 17 ...
Qatar Petroleum Planning Al Shaheed Unit Sale
Qatar Petroleum, the state-owned oil and gas giant, has chosen HSBC to advise it on the sale of its Al Shaheen Holding subsidiary as it seeks to cut costs in response to lower oil prices, Reuters reported. Qatar Petro...
Egyptian Bank Gives $14 Million Loan to EGPC for Debt Repayments
Arranged by the National Bank of Egypt (NBE), National Bank of Abu Dhabi (NBAD), and HSBC, the loan is at total value of US$ 1.5 billion designated to pay part of Egypt’s debts owed to foreign partners in the pe... 
