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Prospect News home > News index > List of issuers E > Headlines for Egypt > News item
Published on 11/19/2007 in the Prospect News Emerging Markets Daily.

Egypt mandates HSBC and Merrill Lynch for Egyptian pound-denominated eurobond

By Aaron Hochman-Zimmerman

New York, Nov. 19 - The Arab Republic of Egypt has mandated HSBC and Merrill Lynch to lead its upcoming Egyptian pound-denominated eurobond (Ba1/BB+/BB+), according to a market source.

On July 12 the country priced a 6 billion Egyptian pound five-year sovereign at 99.504 with coupon of 8¾% to yield 8 7/8%.


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