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Egypt launches €2 billion of notes due 2026, 2030
By Rebecca Melvin
New York, April 9 – The Arab Republic of Egypt launched €2 billion of notes on Monday, evenly divided between two tranches of eight- and 12-year maturities, according to a syndicate source.
Pricing on the eight-year notes was set at 4¾%, which was the tight end of the 4¾% to 4 7/8% final guidance, trimmed from earlier guidance in the 5% area and initial price talk in the low 5% area.
Pricing of the 12-year notes was set at 5 5/8%, which was the tight end of 5 5/8% to 5¾% final guidance, which was lowered from earlier guidance of 5 7/8% and initial price talk in the 6% area.
The order books at the time of final guidance stood at €7.2 billion.
Banca IMI, BNP Paribas, Deutsche Bank and Standard Chartered Bank are the bookrunners of the Rule 144A and Regulation S deal.
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