April 9, 2018 / 8:22 AM / 3 months ago

Egypt begins marketing dual-tranche euro bond offering

LONDON, April 9 (IFR) - The Arab Republic of Egypt has opened books on a dual-tranche euro-denominated bond offering, according to a lead.

The sovereign (rated B3/B-/B) has started marketing notes due April 2026 at low 5% area. Bonds due April 2030 are being marketed at 6% area.

The bookrunners are Banca IMI, BNP Paribas, Deutsche Bank and Standard Chartered. (Reporting by Robert Hogg; editing by Alex Chambers)

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