Egypt sets size at $2 billion to $2.5 billion for upcoming eurobond

By Christine Van Dusen

Atlanta, Jan. 11 – Egypt set the size at $2 billion to $2.5 billion for its upcoming issue of eurobonds, a market source said.

The notes are likely to come to the market in February.

The sovereign will set out on Jan. 17 for a roadshow.

Egypt was previously expected to issue notes before the end of 2016, but a deal never materialized.

Finance minister Amr El-Garhy previously said that the government was looking to issue up to $6 billion of notes in 2017.

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