The government selected Natixis, Citibank, BNP Paribas and JPMorgan Chase & Co., the Ministry of Finance said in a statement on its website. Egypt plans to issue USD3-5bn bonds in the current fiscal year, the first issuance is planned for 2016. Tenors will be five-ten years, and up to 30 years for foreign investors, Deputy Finance Minister Ahmed Kouchouk said, adding that the government would most likely issue the bond on the Luxembourg Stock Exchange in September or October. (Bloomberg)
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