Monday 9 April 2018

Egypt sets price guidance for debut euro-denominated bond | ZAWYA MENA Edition

Egypt sets price guidance for debut euro-denominated bond | ZAWYA MENA Edition:

"Egypt has set the price guidance of its debut euro-denominated bond sale in the 5 percent area for a planned eight-year tranche and in the 5.875 percent area for a 12-year tranche, a document from one of the banks arranging the offering showed on Monday.

Initial price guidance earlier on Monday was in the low 5 percent area for the eight-year and in the 6 percent area for the 12-year tranche. 

Combined orders for the transaction were in excess of 4.7 billion euro, evenly split across the two maturities on offer, according to the document."



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