Egypt`s Debut Euro-denominated Eurobonds, April 2018
(World News Egypt)

· Over the past 3 days, Finance Minister met 80 major European & American fixed income security investors.· Egypt`s 1st euro-denominated Eurobonds claim unprecedented success.· In integration to its Eurobond plan, Egypt raises euro-denominated Eurobonds worth 2 billion, evenly split into two tranches: eight-year notes with a yield of 4.75%, and twelve-year notes, with a yield of 5.625%. · Purchase demands are nearly four times higher than the value of the issued bonds, and exceed coverage percentage for all previous same issuances since the start of 2018. · Euro-denominated issuances have been covered with great prices; to be best prices...