Project Finance has increasingly become a preferred method for the public and private sector to implement projects in the infrastructure and transportation sectors. CIB offers a 'one stop shop' service for its BOOT developers.

CIB's unique track record guarantees its superior expertise in the Project Finance field in Egypt. CIB has assumed a key role in the structuring, arrangement and raising of project financing to support the development of projects in key sectors such as oil & gas, petrochemicals, power, infrastructure, telecom, construction related sector, contracting, real estate, tourism as well as acquisition financing.

CIB has assumed the role of Egyptian Facility Agent, Egyptian Security Agent and Guarantee Bank successfully arranging, in coordination with National Bank of Egypt and other leading international banks, USD 317 million for  financing for InterGen Sidi Krir Generating Company Ltd; Egypt's first BOOT project. 

CIB has also been mandated to act as Egyptian Facility Agent, Egyptian Coordinator and Onshore Security Agent for a liquefied natural gas project in Idku, Egyptian LNG (ELNG); with local and international facilities in excess of USD 1 billion. 

CIB has also played a key role in the Emethanex project financing of USD 530 million and the EAgrium project financing in excess of USD 1 billion, in 2006 and 2007 respectively, acting as an Egyptian Mandated Lead Arranger and Egyptian Facility Agent. The EAgrium deal has been awarded Middle East Petrochemicals Deal of The Year 2007 by Project Finance.

CIB has also acted as Domestic Guarantee Bank for the East Port Said Power and Suez Gulf Power Refinancing of USD 660 million, as well as Mandated Lead Arranger and Facility Agent in the USD 450 million project financing of Egyptian Propylene and Polypropylene Company.

CIB boasts an unparalleled track record in the Egyptian Syndicated Loans and Project Finance market having raised more than EGP 27 billion and USD 7.7 billion in syndicated loans from 1998-2008; developing superior knowledge of a number of sectors.

CIB Investment Banking Group capitalizes on its strong ties with local and international public and private sector banks, bilateral and multilateral associations such as the International Finance Corporation (IFC) and the European Investment Bank (EIB) and export credit agencies such US-EXIM, COFACE, SACE, ECGD and Hermes, etc. to provide a mélange of debt tranches with different tenors and currencies to derive maximum cost benefits to project shareholders.  Additionally, CIB has the largest underwriting capacity among Egyptian private sector banks with a maximum underwriting commitment of EGP 710 million per client as of December 31st 2008.

The Project Finance and Syndicated Loans Team offers a wide array of services aimed at aiding its clients in raising large pools of funds for the financing of medium to large sized projects, including:

• Extending services as Leader, Manager and Arranger  to mobilize the required financing whether locally or internationally in cooperation with financial institutions, development banks and export credit agencies (onshore and offshore financing capabilities)
• Preparation of loan agreements/documentation, security sharing documentation and support packages.
• Agency and Security Agency services, ensuring smooth post-closing management of the loan.
• Financial advisory services.
• Debt Underwriting.
• Advice on structuring project contracts to ensure a balanced distribution of risks among parties involved.

CIB global product knowledge, unparalleled track record in the local market and capital resources make CIB an industry leader in the field of Project Finance and Syndicated Loans in Egypt. The bank Project Finance and Syndicated Loans Team provide large ticket borrowers with better market access, greater ease of execution and timely financial close.

For further information, please contact:

Heba Abdel Latif
Director-Head of Structured Finance

Telephone:  +(202) 3747 2757
Fax:            +(202) 3569 32 98
E-mail:        heba.abdellatif@cibeg.com

Debt Capital Markets
CIB is well placed to assist its clients in raising required debt through bond offerings or similar debt capital market instruments. CIB Debt Capital Markets team is responsible for the soliciting and structuring of these debt offerings. The bank remains committed to the introduction of innovative debt capital market products to better suit its clients through offering the following services:

• Arranging, managing and underwriting bond issues for both private placements and public offers and ensuring compliance with Capital Market Authority requirements. In this respect, CIB has the largest underwriting capacity among Egyptian private sector banks with a maximum underwriting commitment of EGP 710 million per client as of December 31st 2008.
• Advising its clients on type of instrument (senior, subordinated or hybrid of instruments), tenor, collateral support structure, pricing, currency and timing of issue.
• Extensive placement capabilities and secondary market support by capitalizing on the leading services of CIB's brokerage arm, Commercial International Brokerage Company (CIBC).

A summary of CIB track record in debt capital markets

• Arranger & Underwriter in Golden Pyramids Plaza bond issue of USD 285 million.
• Lead Arranger, Lead Underwriter and Loans Agent in the Egyptian Cement Company EGP 1 Billion bond offering, the largest in the history of Egyptian debt capital market.
• Underwriter in the "Egyptian Company for Mobile Services" (ECMS) subordinated bond offering amounting to EGP 340 million.
• Coordinator and Co-Underwriter in Orascom Construction Industry's primary bond offering for EGP 280 million.
• Arranger in CIB EGP 300 million bond offering.
• Manager, Arranger and Underwriter in Commercial International Investment Company's bond offering for EGP 350 million.

CIB global product knowledge, local expertise and capital resources make CIB an industry leader in the field of Egyptian Debt Capital Market.  CIB's Debt Capital Markets' team provides large ticket borrowers with better market access, greater ease of execution and timely financial close.

For further information, please contact:

Heba Abdel Latif
Director –Head of Structured Finance

Telephone: +(202)37472757
Fax: +(202) 569 32 98
E mail: heba.abdellatif@cibeg.com

Structured Products

Since the legislation of the Egyptian Securitization Law was passed in 2005, CIB has successfully structured six securitization transactions in the Egyptian market. Our track record, to date, places us as the leading bank in Egypt with the know-how in structuring and arranging securitized bonds and providing advisory services to issuers to ensure that the issue obtains investment grade credit ratings higher than sovereign rating and to allow the issuer to raise off balance sheet funds in local and international capital markets.  CIB has gained a unique expertise in modeling for securitizations, structuring the issue and mobilizing the audit and rating process to ensure closing deals in a timely manner, and has to date successfully closed the following deals:

Deal	Date	Sector	Amount in Millions	CIB Role
Contact Securitization Co	2005	Car Financing	EGP 140	Financial Advisor & Underwriter& Lead Arranger
Egyptian Arab Land Bank	2006	Housing Loans	EGP 500	Financial Advisor & Lead Arranger
Contact  Securitization Co	2006	Car Financing	EGP 159	Financial Advisor & Lead Arranger
Egyptian Arab Land Bank	2007	Housing Loans	EGP 750	Financial Advisor & Lead Arranger
Contact Securitization Co	2007	Car Financing	EGP 275	Financial Advisor & Lead Arranger & Underwriter
Corplease	2008	Leasing	EGP 360	Financial Advisor & Lead Arranger

CIB has proudly been awarded the Banker Deal of the Year 2007 for its role in the Egyptian Arab Land Bank Securitization Transaction.

For further information, please contact:

Heba Abdel Latif
Director – Head of Structured Finance 
Telephone:  +(202) 3747 2757
Fax:            +(202) 3569 32 98
E-mail:        heba.abdellatif@cibeg.com