Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

National Bank of Egypt Said to Sell Bonds; Meeting Investors

National Bank of Egypt, the country’s largest lender, plans to sell its first international bonds and is meeting with fixed-income investors, according to three people familiar with the plan.

The Cairo-based bank may offer a benchmark-sized issue, said a banker, who declined to be identified because terms aren’t yet set. A benchmark offering is usually $500 million or more. Citigroup Inc., Morgan Stanley and Deutsche Bank AG are organizing the meetings, according to the banker and an investor attending the roadshow.

The lender received approval from Egypt’s central bank to sell as much as $1.5 billion of bonds, said a bank official, who declined to be identified. It is meeting investors in Asia, the Middle East, London, Germany and in Eastern Europe, the official said. The meetings will end on July 31.

National Bank of Egypt is seeking to sell the bonds to increase liquidity in foreign currencies and plans to use the proceeds to finance major projects, Al Alam Al Youm newspaper reported on May 30, without saying how it obtained the information.

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.