Canal Sugar Company: On-lend to blend

In:

Agri/Soft Commodities

Region:

Middle East & Africa

Sean Keating

Editor

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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.