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  • 27-12-17

    Egypt Finance Minister: 4-5 banks to be selected to arrange euro bonds issuance

    (MENAFN) Reuters was informed Tuesday by Egyptian Finance Minister Amr El-Garhy that 4-5 international banks are to be selected by Cairo-Egypt so as to arrange its next dollar-denominated Eurobond issuance.

    The Finance Minister announced "Egypt will conduct a short roadshow to promote the Eurobonds issuance in January." He further added "about 22 banks, including all the prominent ones, have applied to arrange the latest Eurobond issuance."

    The value of the dollar-denominated Eurobonds is to be $3-4 billion, as $7 billion were sold by the government early 2017 in 5-, 10- and 30-year bonds as part of its rebound to international markets.

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