print logo

The Star Online: Egypt issues US$4b in foreign currency bonds

The issue included $750 million in five-year bonds with a return of 6.2 percent, $1.75 billion in 10-year bonds with a return of 7.6 percent.
21.02.19 | Interesting article at The Star Online

Egypt has issued US$4 billion in dollar denominated bonds with maturities of five, 10 and 30 years in a sale that was five times oversubscribed, the Finance Ministry said on Wednesday.

The issue included $750 million in five-year bonds with a return of 6.2 percent, $1.75 billion in 10-year bonds with a return of 7.6 percent and 1.5 billion in 30-year bonds, with a return of 8.7 percent, the ministry said.