Yield Hunters Flock to Egypt as It Sells $2 Billion Eurobond
- Egypt sold a 40-year tranche, its longest yet, yielding 8.15%
- Arab nation is Africa’s biggest issuer of Eurobonds since 2016
Photographer: Shawn Baldwin/Bloomberg
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Egypt sold its longest-dated Eurobond on record Wednesday, part of a $2 billion deal, as the Arab world’s most populous nation seized on appetite for riskier assets to spread out its debt burden.