Middle East Economic Survey

VOL. XLVII

No 34

23-August-2004

EGYPT

CAPITAL MARKETS

Egyptian Telecoms Company To Issue Bonds Worth $322Mn

Egyptian telecoms company Egyptian Company for Networks is to issue bonds worth E2bn ($322mn) for restructuring debt and financing new investment, according to an announcement at a press conference in Cairo on 17 August. The issue, which will take place in two tranches at the end of September, will be carried out through a consortium of four banks Bank of Cairo,...