Scheduled speakers for EMGC
2015 include: Adi Karev, Global Head Oil & Gas and Regional Head (AP) Energy & Resources of Deloitte; Harris Georgiades, Minister of Finance for the Ministry of Finance, Republic of Cyprus; Elfride Covarrubias Villegas, Business Development Manager Italy & Med Area of DNV GL - Oil & Gas; Gina Cohen, Gas Consultant, Eastern Mediterranean; Symeon Kassianides, Chairman and Chief Executive Officer of Hyperion Systems Engineering Group; Antonis Paschalides, Senior Partner: Head of Energy Law Department at Antonis Paschalides & Co LLC; Bill R.
IAMGOLD now indirectly owns, through its 95% owned subsidiary, 5,536,246 common shares of EMGC, or approximately 14.
The common shares of EMGC indirectly acquired today by IAMGOLD were acquired for investment purposes.
The EMGC would hedge the exposure of the mortgage guarantee by taking out reinsurance with approved reinsurers.
The EMGC could be founded as a private-public partnership with half of the capital provided initially by public entities and the rest by private investors and non-banking financial institutions.
The EMGC would provide insurance coverage of eligible housing loans to approved banks and financial institutions at 30 per cent of the value, so banks can advance mortgage loans of up to 90 per cent of the property value and the home buyer puts down 10 to 20 per cent.
The EMGC could be a private-public partnership, with the initial seed capital provided by government entities, Saidi said.