Egypt to let firms issue bonds in tranches

21 April 2010

Egypt's ministry of investment has announced a new rule allowing corporations and other bodies to issue bonds in batches once they receive approval from the regulator, Reuters has reported. Under the new rule, a company can sell bonds in tranches for up to a year after the Egyptian Financial Supervisory Authority approves their issuance, giving companies greater flexibility when it seeks to raise funds, the ministry said.

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications