{"id":636184,"date":"2017-12-26T04:25:20","date_gmt":"2017-12-26T04:25:20","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/26\/on-the-horizon-117\/"},"modified":"2017-12-26T04:25:20","modified_gmt":"2017-12-26T04:25:20","slug":"on-the-horizon-117","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/26\/on-the-horizon-117\/","title":{"rendered":"On the horizon"},"content":{"rendered":"<p><strong>Egypt will announce in two weeks the joint lead managers and legal counsels of the USD 3-4 bn USD-denominated eurobond issuance<\/strong> set to take place in around a month, said Finance Minister Amr El Garhy. 22 international investment banks have put in their bids to become joint lead managers of the issuance, El Garhy said. \u201cThis interest reflects the confidence banks have in Egypt\u2019s economy,\u201d <a href=\"http:\/\/www.almalnews.com\/Story\/358282\/12\/%D8%A7%D9%84%D8%AC%D8%A7%D8%B1%D8%AD%D9%8A-22-%D8%A8%D9%86%D9%83%D8%A7-%D8%AF%D9%88%D9%84%D9%8A%D8%A7-%D9%88%D8%A5%D9%82%D9%84%D9%8A%D9%85%D9%8A%D8%A7-%D8%AA%D8%AA%D9%86%D8%A7%D9%81%D8%B3-%D8%B9%D9%84%D9%89-%D8%B7%D8%B1%D8%AD-%D8%A7%D9%84%D8%B3%D9%86%D8%AF%D8%A7%D8%AA-%D8%A7%D9%84%D8%AF%D9%88%D9%84%D8%A7%D8%B1%D9%8A%D8%A9\">he tells Al Mal<\/a>. It appears all the big names are vying for it, including HSBC, Goldman Sachs, JP Morgan, NATIXIS and Citi (the last three having managed the last issuance), government sources tell the newspaper. El Garhy also stated that some eight leading international firms have thrown their hats in the ring.<\/p>\n<p><strong>Foreign Minister Sameh Shoukry will visit Addis Ababa next week for talks with his Ethiopian counterpart.<\/strong> The pair will discuss issues relating to the Grand Ethiopian Renaissance Dam, <a href=\"https:\/\/af.reuters.com\/article\/africaTech\/idAFL8N1OO04K\">Reuters notes<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt will announce in two weeks the joint lead managers and legal counsels of the USD 3-4 bn USD-denominated eurobond issuance set to take place in around a month, said Finance Minister Amr El Garhy. 22 international investment banks have put in their bids to become joint lead managers of the issuance, El Garhy said. [&hellip;]<\/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":[9277],"tags":[72,3157],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-636184","post","type-post","status-publish","format-standard","hentry","category-on-the-horizon","tag-enterpriseam","tag-on-the-horizon","wpautop","entry"],"acf":{"mongo_id":"c4514270-3cdd-41a3-a02a-c1afa4cefe81","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[636177],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>On the horizon - 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\/2017\/12\/26\/on-the-horizon-117\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"On the horizon\" \/>\n<meta property=\"og:description\" content=\"Egypt will announce in two weeks the joint lead managers and legal counsels of the USD 3-4 bn USD-denominated eurobond issuance set to take place in around a month, said Finance Minister Amr El Garhy. 22 international investment banks have put in their bids to become joint lead managers of the issuance, El Garhy said. 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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 &quot;Speed Round&quot;","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":653133,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/30\/egypts-bond-issuance-was-3-1x-oversubscribed-bnp-paribas\/","url_meta":{"origin":636184,"position":1},"title":"Egypt\u2019s bond issuance was 3.1x oversubscribed -BNP Paribas","author":"enterpriseam admin","date":"30 January 2017","format":false,"excerpt":"The details of Egypt\u2019s eurobond issuance are out: Egypt successfully priced a USD 4 bn multi-tranche international bond issuance consisting of USD 1.75 bn five-year, USD 1.0 bn 10-year, and USD 1.25 bn 30-year notes. BNP Paribas, the joint bookrunner and lead manager on the issuance, said the transaction was\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":546085,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/27\/pif-subsidiary-ups-stake-in-egx-listed-rameda-el-garhy-buys-natl-glass-and-crystal-from-adib-egypt\/","url_meta":{"origin":636184,"position":2},"title":"PIF subsidiary ups stake in EGX-listed Rameda + El Garhy buys Nat\u2019l Glass and Crystal from ADIB Egypt","author":"enterpriseam admin","date":"27 April 2022","format":false,"excerpt":"Saudi PIF subsidiary ups stake in Rameda: The Saudi Seventh Investment Company (SSIC) has purchased another 6.5% of Rameda Pharma, raising its total stake to 11.01%, the EGX announced (pdf) yesterday. SSIC, a subsidiary of the Public Investment Fund (PIF, KSA\u2019s sovereign wealth fund), purchased 65 mn shares for EGP\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":638722,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/12\/mof-outlines-terms-for-banks-to-tender-managing-new-bond-issuance\/","url_meta":{"origin":636184,"position":3},"title":"MOF outlines terms for banks to tender managing new bond issuance","author":"enterpriseam admin","date":"12 October 2017","format":false,"excerpt":"Finance ministry seeks advisors for upcoming bond issuances: The Finance Ministry issued the terms for investment banks interested in managing its next eurobond issuance and will accept applications between the end of the month and early next month, ministry sources told Al Shorouk. BNP Paribas, Citi, JP Morgan, and NATIXIS\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":635516,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/06\/govt-begins-procedures-to-issue-usd-3-4-bn-in-eurobonds-in-january\/","url_meta":{"origin":636184,"position":4},"title":"Gov\u2019t begins procedures to issue USD 3-4 bn in eurobonds in January","author":"enterpriseam admin","date":"6 December 2017","format":false,"excerpt":"The Ismail government has begun procedures to issue USD 3-4 bn in USD-denominated eurobonds in January 2018, Finance Minister Amr El Garhy told Reuters on Tuesday. The documents for the issuance were approved earlier this week, El Garhy added. 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