FRANKFURT, April 12 (Reuters) - Deutsche Bank,HSBC and KfW's Ipex Bank have arranged 3.5billion euros ($4 billion) in financing for Egypt's state-ownedEEHC to buy three gas power plants from Siemens,Deutsche Bank said on Tuesday.
The three are syndicating the debt to 17 internationalbanks, with Deutsche Bank acting as coordinating bookrunner.
The financing is being underwritten by Germany's exportcredit guarantee agency Hermes, and the loans are guaranteed bythe Egyptian Finance Ministry.
The first financing tranche for one of the three plannedplants - part of Siemens' biggest-ever single order - wassecured in November.
($1 = 0.8788 euros) (Reporting by Georgina Prodhan; Editing by Maria Sheahan)
HSBC Holdings (HSBA)