Egypt’s Eurobond oversubscribed by $8 bn

Egypt’s Eurobond oversubscribed by $8 bn

Egypt got $11 billion of orders for its $3 billion Eurobond sold yesterday, according to the finance ministry, a sign of investor confidence in Africa’s third largest economy which floated its currency-EGP- last November. The coupon is yet to be disclosed. The country went to the international bond markets seeking to take advantage of lower…

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