{"id":601198,"date":"2019-02-21T03:50:10","date_gmt":"2019-02-21T03:50:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/egypt-closes-usd-4-bn-eurobond-issuance-offering-5x-oversubscribed\/"},"modified":"2019-02-21T03:50:10","modified_gmt":"2019-02-21T03:50:10","slug":"egypt-closes-usd-4-bn-eurobond-issuance-offering-5x-oversubscribed","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/egypt-closes-usd-4-bn-eurobond-issuance-offering-5x-oversubscribed\/","title":{"rendered":"Egypt closes USD 4 bn eurobond issuance, offering 5x oversubscribed"},"content":{"rendered":"

<\/a> Egypt closes USD 4 bn eurobond issuance, offering 5x oversubscribed:<\/b> Egypt successfully issued USD 4 bn USD-denominated eurobonds on Tuesday, the Finance Ministry said in a statement yesterday<\/a>. The offering was more than 5x oversubscribed, attracting USD 21.5 bn in bids from 250 investors, according to the statement. The three-tranche issuance was made up of USD 750 mn in five-year bonds, USD 1.75 bn in 10-year bonds, and USD 1.5 bn in 30-year bonds, carrying yields of 6.2%, 7.6%, and 8.7%, respectively. The final rates were 40 bps lower than the initial yield during the bookbuilding process. The 10- and 30-year bonds attracted the highest number of bids, Vice Minister of Finance Ahmed Kouchouk Reuters. The prospectus for the issuance is available here (pdf)<\/a>.<\/p>\n

Sentiment is up: <\/b>The oversubscription shows positive sentiment that\u2019s in line with the improvement in the general perception of emerging markets since the beginning of this year, EFG Hermes\u2019 Mohamed Abu Basha told Enterprise. \u201cThe issuance was clearly well received, which was a bit of a challenge seeing there was already decent Egypt supply in the market. The country has a good story to sell and we can see it\u2019s well received in the high coverage and tighter yields,\u201d he said.<\/p>\n

EXCLUSIVE- More issuances on the way: <\/b>Egypt is planning to move ahead with another EUR 1-1.5 bn eurobond issuance next week, a senior government official told Enterprise on Wednesday. The government expects strong appetite judging by this week\u2019s positive eurobond performance. The official also said yields raised from this week\u2019s issuance will be transferred to the state treasury within days to support FX reserves and pay off obligations while an EGP equivalent will be disbursed to the Finance Ministry to fund the state budget. Finance Minister Mohamed Maait said yesterday<\/a> that the ministry plans to issue more foreign currency-denominated bonds before the end of the current financial year. The minister said in January<\/a> that the ministry is looking to offer up to USD 7 bn in FX bonds in 1Q2019, and more USD- and EUR-denominated bonds by the end of 2Q2019.<\/p>\n

Egypt could be included in JPMorgan\u2019s emerging-market bond indexes as early as March<\/b>, which would support the government\u2019s strategy to cut borrowing costs and boost inflows from the debt market, the official also told us. Maait confirmed to Bloomberg last month<\/a> plans that the ministry has approached the bank to request inclusion in its index. Unnamed sources had told the news information service about the ministry\u2019s plans back in September<\/a>.<\/p>\n

Egypt to increase issuances of long-term treasury bonds: <\/b>The Finance Ministry plans to increase its issuance of domestic long-term bonds to 70% of annual offerings by 2020, Kouchouk revealed in a separate interview with Bloomberg<\/a>. Bonds with long maturities accounted for just 5% of domestic issuances in FY2017-18. The reliance on short-term T-bills has meant that the government has had to return to the debt markets to both refinance maturing debt and embark on new debt financing. But by issuing greater quantities of long-term bonds, the ministry hopes to increase the average maturity to five years by 2022 \u2014 double the level in FY2017-18.<\/p>\n

Diversification of debt tools, currencies:<\/b> \u201cWe want to diversify our debt instruments and currencies and also our local and international investor base to enhance completion and secure the best yields,\u201d Kouchouk said, adding that the ministry has already started the process this year. Continuing down this path \u201cwould allow us to come up with a consistent and efficient medium-term package on the revenue side that allows us to meet our fiscal and deficit targets,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt closes USD 4 bn eurobond issuance, offering 5x oversubscribed: Egypt successfully issued USD 4 bn USD-denominated eurobonds on Tuesday, the Finance Ministry said in a statement yesterday. The offering was more than 5x oversubscribed, attracting USD 21.5 bn in bids from 250 investors, according to the statement. The three-tranche issuance was made up of […]<\/p>\n","protected":false},"author":1,"featured_media":601199,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[84,115,72,3690,7087,1473,125,352,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-efg-hermes","tag-emerging-markets","tag-enterpriseam","tag-eurobonds","tag-finance","tag-investment-banking","tag-investment-watch","tag-jp-morgan","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"2e44fa9f-b778-471a-b8b1-25184c996a2a","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/1\/738.jpg","photo_position":"above","related_issue":[601193],"teaser":"","voice_url":""},"yoast_head":"\nEgypt closes USD 4 bn eurobond issuance, offering 5x oversubscribed - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/egypt-closes-usd-4-bn-eurobond-issuance-offering-5x-oversubscribed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt closes USD 4 bn eurobond issuance, offering 5x oversubscribed\" \/>\n<meta property=\"og:description\" content=\"Egypt closes USD 4 bn eurobond issuance, offering 5x oversubscribed: Egypt successfully issued USD 4 bn USD-denominated eurobonds on Tuesday, the Finance Ministry said in a statement yesterday. The offering was more than 5x oversubscribed, attracting USD 21.5 bn in bids from 250 investors, according to the statement. The three-tranche issuance was made up of […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/egypt-closes-usd-4-bn-eurobond-issuance-offering-5x-oversubscribed\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-21T03:50:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/738.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/egypt-closes-usd-4-bn-eurobond-issuance-offering-5x-oversubscribed\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/egypt-closes-usd-4-bn-eurobond-issuance-offering-5x-oversubscribed\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt closes USD 4 bn eurobond issuance, offering 5x oversubscribed\",\"datePublished\":\"2019-02-21T03:50:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/egypt-closes-usd-4-bn-eurobond-issuance-offering-5x-oversubscribed\/\"},\"wordCount\":597,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/egypt-closes-usd-4-bn-eurobond-issuance-offering-5x-oversubscribed\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/738.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EFG Hermes\",\"emerging markets\",\"EnterpriseAM\",\"eurobonds\",\"Finance\",\"investment banking\",\"investment watch\",\"JP Morgan\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/egypt-closes-usd-4-bn-eurobond-issuance-offering-5x-oversubscribed\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/egypt-closes-usd-4-bn-eurobond-issuance-offering-5x-oversubscribed\/\",\"name\":\"Egypt closes USD 4 bn eurobond issuance, offering 5x oversubscribed - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/egypt-closes-usd-4-bn-eurobond-issuance-offering-5x-oversubscribed\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/egypt-closes-usd-4-bn-eurobond-issuance-offering-5x-oversubscribed\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/738.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2019-02-21T03:50:10+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/egypt-closes-usd-4-bn-eurobond-issuance-offering-5x-oversubscribed\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/egypt-closes-usd-4-bn-eurobond-issuance-offering-5x-oversubscribed\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/egypt-closes-usd-4-bn-eurobond-issuance-offering-5x-oversubscribed\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/738.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/1\/738.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/egypt-closes-usd-4-bn-eurobond-issuance-offering-5x-oversubscribed\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Egypt closes USD 4 bn eurobond issuance, offering 5x oversubscribed\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Egypt closes USD 4 bn eurobond issuance, offering 5x oversubscribed - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/egypt-closes-usd-4-bn-eurobond-issuance-offering-5x-oversubscribed\/","og_locale":"en_US","og_type":"article","og_title":"Egypt closes USD 4 bn eurobond issuance, offering 5x oversubscribed","og_description":"Egypt closes USD 4 bn eurobond issuance, offering 5x oversubscribed: Egypt successfully issued USD 4 bn USD-denominated eurobonds on Tuesday, the Finance Ministry said in a statement yesterday. The offering was more than 5x oversubscribed, attracting USD 21.5 bn in bids from 250 investors, according to the statement. The three-tranche issuance was made up of […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/egypt-closes-usd-4-bn-eurobond-issuance-offering-5x-oversubscribed\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2019-02-21T03:50:10+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/738.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/egypt-closes-usd-4-bn-eurobond-issuance-offering-5x-oversubscribed\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/egypt-closes-usd-4-bn-eurobond-issuance-offering-5x-oversubscribed\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Egypt closes USD 4 bn eurobond issuance, offering 5x oversubscribed","datePublished":"2019-02-21T03:50:10+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/egypt-closes-usd-4-bn-eurobond-issuance-offering-5x-oversubscribed\/"},"wordCount":597,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/egypt-closes-usd-4-bn-eurobond-issuance-offering-5x-oversubscribed\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/738.jpg?fit=%2C&ssl=1","keywords":["EFG Hermes","emerging markets","EnterpriseAM","eurobonds","Finance","investment banking","investment watch","JP Morgan","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/egypt-closes-usd-4-bn-eurobond-issuance-offering-5x-oversubscribed\/","url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/egypt-closes-usd-4-bn-eurobond-issuance-offering-5x-oversubscribed\/","name":"Egypt closes USD 4 bn eurobond issuance, offering 5x oversubscribed - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/egypt-closes-usd-4-bn-eurobond-issuance-offering-5x-oversubscribed\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/egypt-closes-usd-4-bn-eurobond-issuance-offering-5x-oversubscribed\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/738.jpg?fit=%2C&ssl=1","datePublished":"2019-02-21T03:50:10+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/egypt-closes-usd-4-bn-eurobond-issuance-offering-5x-oversubscribed\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/egypt-closes-usd-4-bn-eurobond-issuance-offering-5x-oversubscribed\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/egypt-closes-usd-4-bn-eurobond-issuance-offering-5x-oversubscribed\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/738.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/738.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/21\/egypt-closes-usd-4-bn-eurobond-issuance-offering-5x-oversubscribed\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Egypt closes USD 4 bn eurobond issuance, offering 5x oversubscribed"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/738.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/738.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/738.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":602778,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/07\/egypt-closes-eur-2-bn-eurobond-issuance-in-final-intl-debt-auction-for-fy2018-19\/","url_meta":{"origin":601198,"position":0},"title":"Egypt closes EUR 2 bn eurobond issuance in final int\u2019l debt auction for FY2018-19","author":"enterpriseam admin","date":"7 April 2019","format":false,"excerpt":"Egypt closes EUR 2 bn eurobond issuance in final international debt auction for FY2018-19: Egypt sold EUR 2 bn worth of six- and 12-year EUR-denominated bonds in an issuance that went to market on the London Stock Exchange on Thursday, according to a Finance Ministry statement (pdf). The offering was\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/738.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":602731,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/04\/govt-raises-ceiling-of-eurobond-program-to-usd-30-bn-ahead-of-issuance\/","url_meta":{"origin":601198,"position":1},"title":"Gov\u2019t raises ceiling of eurobond program to USD 30 bn ahead of issuance","author":"enterpriseam admin","date":"4 April 2019","format":false,"excerpt":"The government has raised the limit of Egypt\u2019s eurobond program to USD 30 bn from USD 20 bn, according to the prospectus (pdf) published yesterday on the Luxembourg Stock Exchange ahead of the Finance Ministry\u2019s upcoming issuance. The prospectus listed high inflation, EGP-to-USD depreciation, a below-investment grade credit rating, and\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602872,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/09\/egyptian-eurobonds-are-killing-it-compared-to-african-peers\/","url_meta":{"origin":601198,"position":2},"title":"Egyptian eurobonds are killing it compared to African peers","author":"enterpriseam admin","date":"9 April 2019","format":false,"excerpt":"Egypt is beating all of its African peers when it comes to eurobond issuances, having raised more than USD 22 bn since the beginning of 2017,Bloomberg says. Egypt has raised more debt during this time period than Nigeria and South Africa combined. Egypt sold on Friday EUR 2 bn worth\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/4\/2062.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593048,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/17\/egypt-successfully-closes-usd-2-bn-triple-tranche-eurobond-issuance\/","url_meta":{"origin":601198,"position":3},"title":"Egypt successfully closes USD 2 bn triple-tranche eurobond issuance","author":"enterpriseam admin","date":"17 November 2019","format":false,"excerpt":"Egypt successfully closes USD 2 bn triple-tranche eurobond issuance in first int\u2019l debt auction for FY2019-2020: Egypt sold USD 2 bn-worth of four-, 12-, and 40-year USD-denominated eurobonds in an issuance that went to market on the Luxembourg Stock Exchange on Thursday, the Finance Ministry said. The offering was more\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/738.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571763,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/31\/egypt-closes-record-usd-5-bn-eurobond-issuance-with-strong-appetite-from-global-investors\/","url_meta":{"origin":601198,"position":4},"title":"Egypt closes record USD 5 bn eurobond issuance with strong appetite from global investors","author":"enterpriseam admin","date":"31 May 2020","format":false,"excerpt":"Egypt closes record USD 5 bn eurobond issuance with strong appetite from global investors: Egypt sold USD 5 bn in eurobonds in its largest-ever international issuance, the Finance Ministry said in a statement. The issuance, which went to market on Thursday, 21 May, was 4.4x oversubscribed, having attracted bids for\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/5\/247.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":601248,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/24\/govt-to-issue-new-tender-for-advisers-on-eur-asian-currency-bond-issuance\/","url_meta":{"origin":601198,"position":5},"title":"Gov\u2019t to issue new tender for advisers on EUR-, Asian currency bond issuance","author":"enterpriseam admin","date":"24 February 2019","format":false,"excerpt":"EXCLUSIVE- Gov\u2019t to issue new tender for advisers on EUR-, Asian currency bond issuance: The Finance Ministry is planning to select a new group international banks to advise on upcoming international bond issuances, a senior government official told Enterprise. The advisors will help quarterback an offering of EUR-denominated eurobonds and\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/601198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=601198"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/601198\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/601193"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/601199"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=601198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=601198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=601198"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=601198"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=601198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}