New Issue: Egypt sells $1.25 billion 10-year bonds to yield 4.493%

By Reshmi Basu

New York, Sept. 21- The Arab Republic of Egypt sold $1.25 billion of 10-year bonds (Aaa/AAA) at 99.659 with a 4.45% coupon to yield 4.493%, according to a market source.

The bonds are guaranteed by the United States via the U.S. Agency for International Development.

Morgan Stanley ran the transaction.

Issuer:	Arab Republic of Egypt
Amount:	$1.25 billion
Issue:	U.S.-backed bonds
Maturity:	Sept. 15, 2015
Coupon:	4.45%
Issue price:	99.659
Yield:	4.493%
Spread:	31 basis points more than Treasuries
Pricing date:	Sept. 21
Settlement date:	Sept. 28
Bookrunner:	Morgan Stanley
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA

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