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Egypt plans new Eurobond issue end May or early June - finance minister
May 7, 2017 / 9:40 AM / 5 months ago

Egypt plans new Eurobond issue end May or early June - finance minister

CAIRO, May 7 (Reuters) - Egypt plans to issue a new Eurobond at the end of May or start of June, Finance Minister Amr El Garhy said on Sunday, after finding strong investor appetite for its $4 billion issuance in January.

Garhy said at the end of April that Egypt was considering a $1.5-$2 billion Eurobond offering in the coming weeks.

Egypt sold $4 billion of Eurobonds in three tranches in January, raising twice a much as targeted and at lower yields than expected.

Reporting by Abdel Rahman Adel,; Writing by Lin Noueihed,; Editing by Giles Elgood

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