| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers E > Headlines for Egypt > News item |
Egypt sets final guidance on two benchmark tranches of euro notes
By Rebecca Melvin
New York, April 9 – The Arab Republic of Egypt has set final guidance on two benchmark-sized tranches of euro-denominated notes for which order books stand at €7.2 billion, evenly split between the tranches, according to a syndicate source on Monday.
The eight-year notes were guided to yield 4¾% to 4 7/8%, which was trimmed from earlier guidance in the 5% area and initial price talk in the low 5% area.
The 12-year notes were guided to yield 5 5/8% to 5¾%, which was lowered from earlier guidance of 5 7/8% and initial price talk in the 6% area.
Banca IMI, BNP Paribas, Deutsche Bank and Standard Chartered Bank are the bookrunners of the Rule 144A and Regulation S deal.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.