"Egypt continues to convert deposits received from Qatar into fixed-term notes, after the sovereign privately placed a $1 billion bond in early July, its second such deal in just over a month.
The new $1 billion three-year bond was issued on July 1 at par to yield 3.5 percent via HSBC and QNB Capital. It follows a $2.7 billion, 18-month senior unsecured deal which priced at a yield of 4.25 percent in late May, part of a $5.5 billion lifeline from Qatar that is expected to be converted into securities.
Both were issued from a $12 billion EMTN programme set up earlier this year."
'via Blog this'
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