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11-Jan-2016

Abu Qir Fertilizers renews negotiations over EGP1.15 billion loan

Abu Qir Fertilizers Company renewed negotiations with banks over a loan financing of EGP1.15 billion, according to banking sources. The sources added two banking alliances compete to obtain the loan, the first one includes Commercial International Bank (CIB), Banque Misr-, Arab African International Bank, Arab Bank, QNB Al Ahli and National Bank of Egypt (NBE), while the other consortium includes Banque Du Caire, Bank Audi Egypt, Alex Bank and United Ahli Bank. (Arab Finance)   CIB: EGP37.18 as of 10 January 2016, Rating: Buy, FV: EGP44.43 per share, MCap: USD5,447 million, COMI EY / COMI.CA Qatar National Bank: QAR162.10 as of 10 January 2016, Rating: Buy, FV: QAR202.50 per share, MCap: USD31,161 million, QNBK QD / QNBK.QA Bank Audi: USD6.00 as of 08 January 2016, Rating: Buy, FV: USD7.15 per share, MCap: USD2,398 million, AUSR LB / AUSR.BY

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