NO. 16


Financial and Banking News

Regional Banking

UBAF-Paris Scoops Egyptian Debt Auction

Paris-based Union de Banques Arabes et Francaises (UBAF) has been awarded 71%of the Egyptian debt sold by Coface, the French export credit agency, in itslatest auction. The remainder was taken by Citibank. Coface initially putFF800mn on offer, but in fact allocated FF1,000mn. Banks were told theirallocations on 7 January. UBAF bid for FF710mn and received the full amount.Citibank...