While local and foreign investors in Egypt have been waiting almost 18 months for a new president and the accompanying economic clarity, one group of bond holders has a more volatile bet on the table as the new leader takes office.
Egypt’s first democratically elected president, to be chosen in a run-off vote, will be sworn in by the end of June. But in July, just weeks after taking office, his government is due to pay off a E£6bn ($1bn) local-currency bond.
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