VOL. XLII

No. 06

8-February-1999

EGYPT

Egypt To Issue $879Mn 10-Year Bonds

Egypt will issue E3bn ($879mn) 10-year treasury bonds inthe first half of February in an attempt to restructure government debt and tocreate a benchmark for private-sector bonds. The bond offer was announced on 1February by the chairman of the Capital Market Authority (CMA), Mr. 'Abdal-Hamid Ibrahim. The CMA and the Egyptian Government are trying to encourageinvestment in the Egyptian fixed-income market by improving...