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.

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