{"id":632172,"date":"2018-02-05T04:21:36","date_gmt":"2018-02-05T04:21:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/eurobond-issuance-coming-any-day-now-el-garhy\/"},"modified":"2018-02-05T04:21:36","modified_gmt":"2018-02-05T04:21:36","slug":"eurobond-issuance-coming-any-day-now-el-garhy","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/05\/eurobond-issuance-coming-any-day-now-el-garhy\/","title":{"rendered":"Eurobond issuance coming any day now - El Garhy"},"content":{"rendered":"

<\/a> Eurobond issuance coming any day now:<\/strong> Egypt will be issuing USD 4-5 bn in eurobonds \u201cwithin days,\u201d said Finance Minister Amr El Garhy on Sunday, according to Reuters<\/a>. The timing was chosen to coincide with climbing yields in the international bond market, El Garhy said at a presser yesterday following a meeting with Prime Minister Sherif Ismail, according to Youm7<\/a>. El Garhy has previously said that the bonds will be issued on the London and Luxembourg stock exchanges. HSBC, Citigroup, JPMorgan Chase & Co, Morgan Stanley, and National Bank of Abu Dhabi will be managing the issuance. Al Tamimi & Co. and Dechert LLP were chosen as legal advisors to the government and Linklater LLP and Zaki Hashem & Partners are advising the banking consortium.<\/p>\n

El Garhy says there are no issues with the state IPO program:<\/strong> El Garhy also dismissed rumors that there were issues<\/a> concerning the state IPO program, as the schedule and the timeline had not been announced yet. El Garhy said that procedures for the program had been ironed out, adding that the ball is rolling on the IPO of energy firm Enppi, though a timeline for the transaction has yet to be made clear. El Garhy also dismissed previous statements attributed to government officials that the state is expecting to net EGP 10 bn from the IPO of state assets over the coming three year, Al Masry Al Youm reports<\/a>. He added that the government will list 8-10 companies over the next 18 months.<\/p>\n","protected":false},"excerpt":{"rendered":"

Eurobond issuance coming any day now: Egypt will be issuing USD 4-5 bn in eurobonds \u201cwithin days,\u201d said Finance Minister Amr El Garhy on Sunday, according to Reuters. The timing was chosen to coincide with climbing yields in the international bond market, El Garhy said at a presser yesterday following a meeting with Prime Minister […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-632172","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"44658275-1f84-4e44-82b6-122f35c10966","order":"0","is_powered_by":true,"section_story_id":"a028a9af-44a0-4f69-8040-c8a50fb8dc8c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[632163],"teaser":"","voice_url":""},"yoast_head":"\nEurobond issuance coming any day now - El Garhy - 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\/2018\/02\/05\/eurobond-issuance-coming-any-day-now-el-garhy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eurobond issuance coming any day now - El Garhy\" \/>\n<meta property=\"og:description\" content=\"Eurobond issuance coming any day now: Egypt will be issuing USD 4-5 bn in eurobonds \u201cwithin days,\u201d said Finance Minister Amr El Garhy on Sunday, according to Reuters. 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The EUR-denominated issue will\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":641223,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/17\/egypt-mulls-eur-1-5-bn-eurobond-issuance-in-november\/","url_meta":{"origin":632172,"position":1},"title":"Egypt mulls EUR 1.5 bn eurobond issuance in November","author":"enterpriseam admin","date":"17 September 2017","format":false,"excerpt":"Egypt mulls EUR 1.5 bn eurobond issuance in November: Egypt is considering raising USD 1.5 bn in a new eurobond issuance \u201cbefore the end of November,\u201d Finance Minister Amr El Garhy told Bloomberg on Thursday. Some USD 3-4 bn in eurobonds will be up for sale in 1Q2018, El Garhy\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":641280,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/18\/641280\/","url_meta":{"origin":632172,"position":2},"title":"Moving forward with the eurobond\u2026","author":"enterpriseam admin","date":"18 September 2017","format":false,"excerpt":"Moving forward with the eurobond issuance plan: The Finance Ministry has asked cabinet to approve its two planned eurobond issuances, sources told Reuters. \u201cThe first issuance would range between EUR 1-2 bn before the end of 2017. The second would range from USD 4-8 bn and would be in 2018.\u201d\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":636070,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/20\/usd-3-4-bn-usd-denominated-eurobond-slotted-for-late-january\/","url_meta":{"origin":632172,"position":3},"title":"USD 3-4 bn USD-denominated eurobond slotted for late January","author":"enterpriseam admin","date":"20 December 2017","format":false,"excerpt":"The USD 3-4 bn USD-denominated eurobond issuance will take place towards the end of January, said Finance Minister Amr El Garhy, Al Borsa reports. A roadshow for the issuance will take place in mid-January, with the Finance Ministry focusing on Europe and the US. Extending the roadshow to Asia is\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":641937,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/government-planning-usd-2-4-bn-eurobond-in-1q2018\/","url_meta":{"origin":632172,"position":4},"title":"Government planning USD 2-4 bn Eurobond in 1Q2018","author":"enterpriseam admin","date":"2 August 2017","format":false,"excerpt":"USD 2-4 bn eurobond issuance planned for 1Q2018: Egypt is a planning a eurobond issuance to the tune of USD 2-4 bn by 1Q2018, Finance Minister Amr El Garhy told the press on Tuesday, according to Reuters. 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The aim\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\/632172","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=632172"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/632172\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/632163"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=632172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=632172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=632172"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=632172"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=632172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}