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Egypt to sell $1.5bn Eurobonds

07 March 2010

Egyptian finance minister Youssef Boutros-Ghali has said that the country plans to tap international markets for its first Eurobond issuance since 2007, Bloomberg has reported. Egypt wants to "access the market" for between $1bn and $1.5bn in the next six to eight weeks, taking advantage of a drop in borrowing costs in the past year, Ghali said.

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