Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Orascom Construction to Sell Bonds in June, EFG-Hermes to Manage

May 27 (Bloomberg) -- Orascom Construction Industries, the biggest publicly traded builder in the Middle East, said its planned 1.65 billion Egyptian pound ($291.6 million) bond issue will be sold in June and managed by EFG-Hermes Holding SAE.

“We’re in the stage of finalizing it with the capital markets authority,” Nassef Sawiris, chairman and chief executive officer of Cairo-based Orascom Construction, said in a telephone interview today.

Orascom expects that its 2010 earnings before interest, taxes, depreciation and amortization will exceed the company’s 2007 record, which included its cement holdings at the time, Sawiris said.

Link to Company News:{ORCI EY <Equity> CN <GO>} Link to Company News:{HRHO EY <Equity> CN <GO>}

To contact the editor responsible for this story: Mahmoud Kassem at mkassem1@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.