Arab Republic of Egypt $2.5 billion 7.125% and & 7.625% two tranche eurobond issue

1/11/2018

Investment grade bond/note issue

Value:

$ 2.57 billion

Status:

Announced

Date:

1/11/2018

Overview:

The Arab Republic of Egypt through the Ministry of Finance has issued a two tranche $2.5 billion eurobond issue.
The first tranche is worth $860 million, has a coupon of 7.125% and is maturing on 10 November 2026.
The second tranche is worth $1.7 billion, has a coupon of 7.625% and is maturing on 10 November 2030.

Laura Mendes - Researcher

Jurisdiction:

Egypt

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing laws:

England and Wales
Egypt

Industry sector:

Government and public policy

Firm:

Sharkawy & Sarhan

Party: Ministry of Finance of Egypt (Issuer)

Lawyers: Ahmed El Sharkawy, Esraa Abdelmoniem, Mohamed Nabil Hazzaa

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