Middle East Economic Survey

VOL. XLVII

No 41

11-October-2004

EGPC Seeks To Tap International Capital Markets

The recent announcement by Egyptian General Petroleum Corporation (EGPC) that it is seeking proposals from investment banks to manage and underwrite a placement of debt securities in the international capital markets will break new ground. It will be the first time that the state-owned Egyptian oil company has attempted such a borrowing, although Egypt has two existing sovereign Eurobonds...