UK-based investors dominated demand for Egypt’s latest euro-denominated bond sale
According to Al Mal, UK-based institutional investors accounted for 40% of demand for Egypt’s EUR2bn bond issuance. The remainder of the issuance was split between EU investors, who accounted for 30%, US investors for 20%, and investors from the Gulf and Asia for 10%. The offering was 3.8x oversubscribed, attracting orders of EUR7.5bn from over 350 investors from 35 countries.
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