Egypt starts selling multi-tranche dollar bonds

Citi, First Abu Dhabi Bank, HSBC, JPMorgan, and Standard Chartered, have been appointed to arrange the debt sale

  
Image for illustrative purpose. A man counts U.S dollars at a money exchange office in central Cairo, Egypt December 27, 2016. Picture taken December 27, 2016.

Image for illustrative purpose. A man counts U.S dollars at a money exchange office in central Cairo, Egypt December 27, 2016. Picture taken December 27, 2016.

REUTERS/Mohamed Abd El Ghany

DUBAI - Egypt started marketing multi-tranche U.S. dollar-denominated bonds on Thursday, a document showed.

The bonds are split into tranches of six, 12 and 30 years, and offer an initial price guidance of around 6.125%, 7.625% and 8.875%, respectively.

Citi, First Abu Dhabi Bank, HSBC, JPMorgan, and Standard Chartered, have been appointed to arrange the debt sale.

(Reporting by Yousef Saba; Writing by Davide Barbuscia; Editing by Alison Williams) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))


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