Economics
On the Road Again: Egypt Markets First Eurobonds Since 2015
- Roadshow begins in U.A.E. for as much as $2.5 billion of bonds
- Egypt shares Moody’s B3/Fitch B rating with Ghana and Pakistan
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Egypt is pushing ahead with plans to tap overseas bond markets, bolstered by a $12 billion loan from the International Monetary Fund -- the lender’s largest in the region.
A marketing roadshow for Eurobonds worth as much as $2.5 billion begins in Abu Dhabi and Dubai on Tuesday, and will take in New York, Boston, Los Angeles before wrapping up in London on Jan. 23. Egypt plans to offer 5-year and 10-year maturities, and may consider a 30-year tranche.