Egypt has raised a €2bn ($2.26bn) two-tranche international bond which attracted book orders of over €9bn ($10.15bn), completing its borrowing needs for the 2018-19 financial year, the Finance Ministry announced on 5 April. The first tranche of €750mn ($846mn) matures on 11 April 2025 with a yield of 4.750% while the second tranche of €1.25bn ($1.41bn) is redeemable on 11 April 2031 with a yield of 6.375%. Given the strong market appetite for the bond, the ministry says...
Egypt Completes 2018-19 Borrowing
Published on Fri, 12 Apr 2019 - Volume: 62 Issue: 15Print
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