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Egypt Sells $5 Billion Eurobond in Its Largest-Ever Issuance

  • Country priced dollar-denominated bonds due 2024, 2032, 2050
  • Egypt secured additional funding from IMF in recent weeks
People and vehicles crowd the market of Al Ataba in Cairo, on May 18.

People and vehicles crowd the market of Al Ataba in Cairo, on May 18.

Photographer: picture alliance/picture alliance
Updated on

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Egypt raised $5 billion in its largest-ever issuance in international bond markets, marking the extent of investors’ risk appetite in a recovery from the coronavirus crisis.