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Egypt to seek out dollar bond issues proposals from banks
(MENAFN) According to banking sources, banks were sent a request a week ago by Egypt to provide proposals that aim for US dollar-denominated Eurobonds to be arranged.
Between January and February 2018, Egypt is to issue a dollar-denominated Eurobond to be followed through a euro-denominated debt sale later in the year, as stated by Finance Minister Amr El-Garhy.
$7 billion in international bonds were issued by Egypt this year by a $4 billion trade in January as well as a re-opening of the same bond in May. The issues are said to have been prepared by JP Morgan, Citigroup, Natixis and BNP Paribas.
Between January and February 2018, Egypt is to issue a dollar-denominated Eurobond to be followed through a euro-denominated debt sale later in the year, as stated by Finance Minister Amr El-Garhy.
$7 billion in international bonds were issued by Egypt this year by a $4 billion trade in January as well as a re-opening of the same bond in May. The issues are said to have been prepared by JP Morgan, Citigroup, Natixis and BNP Paribas.
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