Perspective
17 January 2022
Canal Sugar Company: On-lend to blend
In:
Agri/Soft Commodities
Region:
Middle East & Africa
The multi-currency financing for the Canal Sugar Project, a scheme that combines land reclamation for a farm roughly three times the size of Luxembourg with a beet factory in Egypt, has combined ECA, DFI and commercial bank debt via a first in the Egyptian project loan market - an innovative use of on-lending facilities.
