LONDON, April 9 (IFR) - The Arab Republic of Egypt has set final terms for a €2bn dual-tranche bond offering, according to a lead.
The sovereign, rated B3/B-/B, has launched €1bn April 2026 notes at 4.75%. Marketing started at low 5% area ahead of guidance at 5% area and then 4.75%-4.875% (will price in range).
The €1bn April 2030 will price at 5.625%. This tranche was originally shown at 6% area, before talk was revised to 5.875% area and then to 5.625%-5.75% (wpir).
Combined books at the last update were over €7.2bn, evenly split.
Banca IMI, BNP Paribas, Deutsche Bank and Standard Chartered are bookrunners. (Reporting by Robert Hogg, editing by Julian Baker)