EGYPT

Egypt Issues $1.5Bn Eurobond Mandate

The Egyptian Ministry of Finance has selected a syndicate of five banks – Natixis, JP Morgan, Morgan Stanley, Citi, and BNP Paribas  − to lead-manage Egypt’s planned $1.5bn sovereign Eurobond issue to be marketed in the US, Europe and the Gulf during a period not exceeding four months. National Bank of Egypt and National Bank of Abu Dhabi will also participate as co-arrangers in the marketing of the sovereign debt, the...