Egypt is considering hiring only European banks for its upcoming eurobond issuance, sources tell Reuters on Monday. If true, there will be a change up in the lineup of bookrunners who worked on the January and May USD 7 bn eurobond issuances — BNP Paribas, Citigroup, JP Morgan and Natixis. The Ismail cabinet had approved another USD 7 bn bond issuance program last week, with some EUR 1-2 bn up for sale before the end of the year.

Tags: