Standard Chartered arranges $566.4mln in financing for first of its kind Saudi-Egypt electricity interconnection project

Standard Chartered Bank with Sumitomo Mitsui Banking Corporation announces the provision of a US$566.4m Export Credit Agency supported Islamic financing facility for Saudi Electricity Company to facilitate a Saudi-Egypt electricity interconnection project. The 14-year financing will be guaranteed by the Swedish Export Credit Agency (EKN) and funded by the Swedish…