By Robert Hogg

LONDON, May 24 (IFR) - The Arab Republic of Egypt, represented by the Ministry of Finance is tapping its five, 10 and 30-year US dollar bonds, according to a lead.

The sovereign is marketing taps of its US$1.75bn 6.125% notes due January 2022 at 5.60% area, its US$1bn 7.50% notes due January 2027 at 6.85% area and its US$1.25bn 8.50% notes due January 2047 at 8.15% area.

"Guidance on the new Egypt taps looks very cheap," said a trader. "Especially the 30-year which is something like 3-4pts cheap to Egypt 47s."

Books are open for today's business via BNP Paribas, Citigroup, JP Morgan (B&D) and Natixis.

Egypt is rated B3 by Moody's and B- by S&P, both with stable outlooks.

(Reporting by Robert Hogg; editing by Sudip Roy) ((Robert.Hogg@thomsonreuters.com; +44 207 542 9077;))