Euro-denominated bonds to be issued in three weeks
The Ministry of Finance is planning to list Egypt’s EUR1-1.5bn issuance on the Luxembourg Stock Exchange in three weeks’ time. The eurobonds, which will be Egypt’s first-ever EUR-denominated bond sale, will have tenures of seven, twelve, fifteen and thirty years, according to Ministry of Finance sources. Appetite from the first roadshow will determine whether officials will take the offering north of EUR2bn, added the source.
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