{"id":623831,"date":"2024-06-11T00:00:00","date_gmt":"2024-06-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/11\/this-evening-qalaas-debt-buyback-program-comes-to-an-end\/"},"modified":"2024-06-11T00:00:00","modified_gmt":"2024-06-11T00:00:00","slug":"this-evening-qalaas-debt-buyback-program-comes-to-an-end","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/11\/this-evening-qalaas-debt-buyback-program-comes-to-an-end\/","title":{"rendered":"THIS EVENING: Qalaa\u2019s debt buyback program comes to an end"},"content":{"rendered":"

Good afternoon, folks and happy Tuesday. <\/strong>We have reached the midway point of this hot week with two days left until the weekend and week long holiday. <\/p>\n

THE BIG STORY TODAY- <\/p>\n

That\u2019s a wrap on Qalaa\u2019s debt buyback program:<\/strong> Qalaa Holdings\u2019 debt buyback program raised EGP 1.7 bn (USD 35.9 mn) from shareholders in its second and final phase, which took place on 9 June, the company said in an EGX disclosure (pdf)<\/a>. The subscription rate came in at 808%. <\/p>\n

Remember:<\/strong> The debt buyback program is part of a wider plan to retire some USD 430 mn in foreign-currency debt. The first phase raised some USD 17.5 mn<\/a> from shareholders. <\/p>\n

\n

\n

\n

THE BIG STORY ABROAD<\/p>\n

Four American college instructors have been stabbed in China <\/strong>in a rare display of violence against foreigners in the Asian country. Four Cornell educators, visiting Jilin as part of a partnership program with Beihua University, were seriously injured on Monday by a currently unidentified assailant. Because gun sales and permits are tightly controlled, most violent crimes in China are carried out with knives. While the country has historically struggled with stabbing rampages, violent attacks against foreigners are uncommon. The Chinese Foreign Ministry held a news conference earlier today to dismiss concerns that educational exchanges between China and the US would be affected by this attack. All four victims survived and are recovering. (CNN<\/a>)<\/p>\n

\n
\n
\n
\n

Get Enterprise<\/b> daily <\/h4>\n<\/p><\/div>\n

The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n

Subscribe here<\/a> <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

** CATCH UP QUICK<\/strong> on the top stories from today\u2019s EnterpriseAM:<\/strong><\/p>\n