Financial and Banking News
Coface Auctions FF800mn Of Egyptian Debt
The French export credit agency Coface has put FF800mn ($136mn) of itsEgyptian debt out to tender. Banks have until 10 December to make their bids.This is the second tranche of Egyptian debt which Coface has sold through opentender. The first was for FF500mn and was sold in May this year. Under the termsof the debt reduction deal agreed between Egypt and the Paris Club in May...