LONDON, April 9 (IFR) - The Arab Republic of Egypt has revised pricing for a dual-tranche euro-denominated bond offering, according to a lead.
The sovereign (rated B3/B-/B) has set guidance for notes due April 2026 at 5% area. The notes were initially marketed at low 5% area.
Bonds due April 2030 are being marketed at 5.875% area. This tranche was originally marketed at 6% area.
The combined order books are over €4.7bn, evenly split.
The bookrunners are Banca IMI, BNP Paribas, Deutsche Bank and Standard Chartered. (Reporting by Robert Hogg; editing by Alex Chambers)