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English news

04-Apr-2018

Eurobond roadshow kicks off today

The roadshow for Egypt’s EUR1-1.5bn Eurobond starts today, 4 April. The issuance is supposedly set to take place in three weeks’ time on the Luxembourg Stock Exchange. The government has hired Banca IMI, BNP Paribas, Deutsche Bank and Standard Chartered Bank to act as joint bookrunners for the debt sale. Reuters reports that is has obtained a document from one of the issuance’s bookrunner banks. The document entails that should market conditions be attractive, Egypt would offer notes with maturities of eight years and/or 12 years, despite local sources reporting a four-tranche tenure offering.
 

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