Published on 6/4/2015 in the Prospect News Emerging Markets Daily.
New Issue: Egypt sells $1.5 billion 10-year notes at 6%
By Christine Van Dusen
Atlanta, June 4 – Egypt printed a $1.5 billion issue of notes due in 2025 (B3/B-/B) at a yield of 6%, a market source said.
The notes were talked at a yield of 6¼%.
BNP Paribas, Citigroup, JPMorgan, Morgan Stanley and Natixis Securities were the bookrunners for the Rule 144A and Regulation S deal.
Other details were not immediately available on Thursday.
| Issuer: | Egypt
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| Amount: | $1.5 billion
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| Maturity: | 2025
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| Description: | Notes
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| Bookrunners: | BNP Paribas, Citigroup, JPMorgan, Morgan Stanley, Natixis Securities
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| Yield: | 6%
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| Trade date: | June 4
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| Ratings: | Moody’s: B3
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| Standard & Poor’s: B-
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| Fitch: B
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| Distribution: | Rule 144A/Regulation S
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| Price talk: | 6¼%
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