VOL. XL

No.24

16-June-1997

EGYPT

National Société Générale Bank To Offer $44Mn Five-Year FRNs

Egyptian National Société Générale Bank (NSGB) has invitedsubscriptions for a E150mn ($44.18mn) issue of five-year Floating Rate Notes (FRNs)starting 17 June. The offer will be open for a minimum of 10 days and a maximum of twomonths or when it is fully subscribed, whichever is earlier. The coupon will be set at0.25% over the latest average yield on 91-day treasury bills or 2.75% below the centralbank...