image description
image description
Tell A Friend

FinancialNews


  • 25-01-17

    Egypt to issue USD4bn in Eurobond sale

    (MENAFN) Egypt aims to sell USD4bn in a triple-tranche Eurobond issuance with lower than predicted yields.

    Accordingly, the country predicted to purchase USD1.75bn in 5 years bonds at 6.125 percent, USD1bn in 10-year bonds at 7.50-7.625 percent.

    Moreover, the profits are much better than projected, while the expected yields for the 5-year was at 6.5 and now it's at 6.125.

    The country has been seeking a variety of funding sources, from development loans to foreign grants and aid to plug its financing needs.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved