Egypt plans Eurobond issue

17 March 2010

Egypt has mandated HSBC and Morgan Stanley for a planned Eurobond issue of $1bn to $1.5bn within weeks, Reuters has reported. Finance Minister Youssef Boutros-Ghali told the news service earlier this month that the country was looking at maturities of up to 20 to 30 years. The bond would be Egypt's first such issue since 2007.

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