Asharq Al-awsat English Middle-east and International News and Opinion from Asharq Al-awsat Newspaper

Egypt Sells Up to $3 Billion in Bonds

Egypt Sells Up to $3 Billion in Bonds

Saturday, 25 September, 2021 - 10:30
Egypt announces success in issuing dollar bonds (Reuters)

Egypt raised on Thursday up to $3 billion in three-tranche US dollar-denominated bonds, for which price guidance was tightened after attracting over $7.25 billion in combined orders.

Egypt tightened guidance to 5.875%-6% for a six-year portion, between 7.375% and 7.5% for 12-year notes and around 8.75% for 30-year paper.

Initial guidance was around 6.125% for the six-year bonds, about 7.625% for the 12-year tranche and around 8.875% for the 30-year notes.

Editor Picks