Government releases RFP for benchmark-sized USD bonds
The Ministry of Finance published a request for proposals (RFP) in an advertisement in the Financial Times newspaper, approaching banks for benchmark-sized USD bond sale to take place this year. The Ministry is seeking proposals for roles as joint lead managers by 11 August. Egypt is targeting an issuance of USD2-3bn in late September or early October, according to earlier remarks by Finance Minister Amr El Garhy. (Bloomberg)
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