By Aaron Hochman-Zimmerman
New York, July 12 - The Arab Republic of Egypt priced its 6 billion Egyptian pound five-year sovereign issue (Ba1/BB+/BB+) at 99.504 to yield 8 7/8%, according to a market source.
The bonds came at the narrow end of the initial talk, set at 8 7/8% to 9%.
Citigroup and JP Morgan were the bookrunners.
The Rule 144A and Regulation S deal will settle in dollars.
| Issuer: | Arab Republic of Egypt
|
| Amount: | 600 billion Egyptian pounds
|
| Issue: | Five-year notes
|
| Maturity: | July 18, 2012
|
| Coupon: | 8¾%
|
| Price: | 99.504
|
| Yield: | 8 7/8% |
|
| Bookrunners: | Citigroup, JP Morgan
|
| Pricing date: | July 12
|
| Settlement date: | July 18
|
| Distribution: | Rule 144A, Regulation S
|
| Rating: | Moody's: Ba1
|
| S&P: BB+
|
| Fitch: BB+
|
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