Published on 7/29/2010 in the Prospect News Emerging Markets Daily.
New Issue: Egypt's Nile Finance prices $600 million 5¼% five-year bonds at par
By Christine Van Dusen
Atlanta, July 29 - Egypt's Nile Finance Ltd. priced $600 million 5¼% five-year bonds at par to yield Treasuries plus 356.7 basis points, an informed market source said.
Morgan Stanley, Citigroup and Deutsche Bank were the bookrunners for the Regulation S-only offering.
Nile Finance is a Cayman Islands-based special purpose entity of the National Bank of Egypt, a financial institution wholly owned by the Arab Republic of Egypt.
| Issuer: | Nile Finance Ltd.
|
| Amount: | $600 million
|
| Maturity: | Aug. 5, 2015
|
| Bookrunners: | Morgan Stanley, Citigroup, Deutsche Bank
|
| Coupon: | 5¼%
|
| Price: | Par
|
| Yield: | 5¼%
|
| Spread: | Treasuries plus 356.7 bps
|
| Trade date: | July 29
|
| Settlement date: | Aug. 5
|
| Distribution: | Regulation S only
|
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