Euler Hermes supports attractive investment opportunities in Egypt

(MENAFN, Cairo, 8 February 2020) According to the Head of Deutsche Bank's representative office in Cairo, a higher economic growth rate, improved credit conditions, privatisation of public companies and listings in the local exchange will help Egypt to move towards a more private-sector-lead economic model. Deutsche Bank helped the government of Egypt arrange its first euro dominated bond ever, raising €2bn in the international debt capital markets. Another transaction is Deutsche Bank's participation in the financing of three power plants for €3.5bn for the Egyptian Electricity Holding Company (EEHC). Supported by German export credit agency Euler Hermes, these deals represent part of the single largest order ever for our partner, Siemens, the largest-ever STEF export finance transaction and the largest-ever export financing in the Egyptian market.