Egypt is seeking a bank loan to partially finance a prospective order for the Rafale fighter jet, a multimission frigate and missiles, an unusual financing deal likely to require high-level political support, two analysts said.

A deal with Egypt would enable a speedy export order seen as needed to relieve severe budgetary pressure on France, which is in a pressing search for foreign clients for Dassault and DCNS.

Egyptian officials have been in “discussions with banks” to find commercial lending that would allow paying France a 15 percent down payment for the military equipment, a market analyst said. […]