Golden Pyramids Plaza’s board has agreed to issue a second tranche of USD 60 mn under a USD 400 mn bond program, according to a company statement. This comes only days after Orascom Construction Industries (OCI) reportedly requested that the Financial Regulatory Authority (FRA) stop Golden Pyramids Plaza from selling corporate bonds until it repays OCI and Consolidated Contractors International c. EGP 305 mn in damages awarded by 2015 arbitration ruling. FRA had said it was considering the move.

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