Egypt talks benchmark-sized five-year local-currency sovereigns at 8 7/8% to 9%

By Aaron Hochman-Zimmerman

New York, July 11 - The Arab Republic of Egypt released talk of 8 7/8% to 9% for its planned benchmark-sized offering of five-year Egyptian pound-linked eurobonds (Ba1/BB+/BB+), according to a market source.

The bonds will settle in dollars.

Citigroup and JP Morgan are the bookrunners.

The deal is Rule 144A and Regulation S deal wrapped up its roadshow Wednesday, and is expected to price Thursday.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.