10 January 2010
State-owned Egyptian General Petroleum Corporation is looking to secure 58-month debt financing for a total of $2 billion to be used for exploration, bankers were reported as saying in the media yesterday.

The reports said that vari-ous banks have formed  bidding groups and the deadline for submissions is January 18.

The loan is expected to take the form of either a pre-export syndi-cated loan, a bond or a mix of the two.

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