May 21, 2020 / 11:48 AM / 13 days ago

Egypt gets over $12 bln in orders for three-tranche bonds, tightens guidance - document

DUBAI, May 21 (Reuters) - Egypt tightened its price guidance on three-tranche dollar bonds it began marketing on Thursday and has received more than $12 billion in orders for the debt sale, a document showed.

Egypt tightened the price guidance by 25 basis points for each tranche, offering the four-year tranche at around 6%, the 12-year bonds at around 7.875% and the 30-year notes to around 9.125%, a document from one of the banks leading the deal showed.

The sale is expected to close later on Thursday.

Reporting by Yousef Saba; Editing by Alison Williams

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below