{"id":649158,"date":"2017-04-24T04:03:33","date_gmt":"2017-04-24T04:03:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/24\/eurobond-round-two-in-may\/"},"modified":"2017-04-24T04:03:33","modified_gmt":"2017-04-24T04:03:33","slug":"eurobond-round-two-in-may","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/24\/eurobond-round-two-in-may\/","title":{"rendered":"Eurobond round two in May?"},"content":{"rendered":"

<\/a> Eurobond round two in May?<\/strong> The Finance Ministry could go to market with a second eurobond worth USD 2 bn as early as the first half of May, government sources tell Al Borsa<\/a>. The government is reportedly in talks with investment banks on the timing the transaction and the current state of debt markets. It is hard to gauge the level of investor appetite for another eurobond issue, the source said, but all options are on the table, including boosting the offer size to USD 3 bn if appetite is there.<\/p>\n

Let\u2019s not get ahead of ourselves:<\/strong> Al Borsa is breaking the news as an exclusive, and parts of the statement from the source could imply that this may simply be the distribution of additional amount of an already-issued bond.<\/p>\n

If this is a new issue, the ministry is looking to replicate the success of its USD 4 bn <\/strong>multi-tier eurobond sale<\/strong> back in January<\/a>. BNP Paribas, Citi, JP Morgan and Natixis had been tapped as joint lead managers on the January issue. The government announced last week that it intends to go to market with as much as USD 3 bn in additional international bonds this year<\/strong> to take advantage of lower interest rates on foreign-currency borrowing, with sources suggesting that this could take place in the second half of the year<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Eurobond round two in May? The Finance Ministry could go to market with a second eurobond worth USD 2 bn as early as the first half of May, government sources tell Al Borsa. The government is reportedly in talks with investment banks on the timing the transaction and the current state of debt markets. It […]<\/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-649158","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"789349e9-888d-47c5-a510-47a485115c69","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[649152],"teaser":"","voice_url":""},"yoast_head":"\nEurobond round two in May? - 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\/04\/24\/eurobond-round-two-in-may\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eurobond round two in May?\" \/>\n<meta property=\"og:description\" content=\"Eurobond round two in May? The Finance Ministry could go to market with a second eurobond worth USD 2 bn as early as the first half of May, government sources tell Al Borsa. The government is reportedly in talks with investment banks on the timing the transaction and the current state of debt markets. 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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":597949,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/finmin-could-take-egypts-first-sovereign-sukuks-to-market-by-early-2020-looks-to-hike-cap-on-eurobond-issuances-through-fy2021-2022\/","url_meta":{"origin":649158,"position":1},"title":"FinMin could take Egypt\u2019s first sovereign sukuks to market by early 2020, looks to hike cap on eurobond issuances through FY2021-2022","author":"enterpriseam admin","date":"9 May 2019","format":false,"excerpt":"EXCLUSIVE- Egypt could take to market its maiden issuance of sovereign sukuks in early 2020, a senior government official tells us. Finance Ministry officials have met with executives from Abu Dhabi Islamic Bank and other GCC-based institutions to learn more about the process and the target markets. The ministry 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\/2019\/5\/1783.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":595319,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/23\/egypt-to-tap-intl-banks-to-manage-usd-2-5-3-bn-eurobond-issuance-within-three-weeks\/","url_meta":{"origin":649158,"position":2},"title":"Egypt to tap int\u2019l banks to manage USD 2.5-3 bn eurobond issuance within three weeks","author":"enterpriseam admin","date":"23 September 2019","format":false,"excerpt":"Gov\u2019t to begin talks with banks over USD 2.5-3 bn eurobond issuance within three weeks: The Finance Ministry expects to begin talks within three weeks with some 20 international investment banks and 7-8 local and international law firms to advise on a USD 2.5-3 bn issuance of USD-denominated eurobonds on\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":593048,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/17\/egypt-successfully-closes-usd-2-bn-triple-tranche-eurobond-issuance\/","url_meta":{"origin":649158,"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":593006,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/14\/egypt-kicks-off-marketing-for-upcoming-eurobond-issuance\/","url_meta":{"origin":649158,"position":4},"title":"Egypt kicks off marketing for upcoming eurobond issuance","author":"enterpriseam admin","date":"14 November 2019","format":false,"excerpt":"Egypt begins marketing for its triple-tranche USD eurobond issuance, says its receiving subscription requests: Egypt began yesterday marketing its upcoming eurobond issuance, Reuters reports, citing a document from one of the issuance\u2019s advisors. The Finance Ministry, which is also inviting subscription requests, and is targeting a sale of between USD\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\/2017\/5\/1090.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567238,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/egypt-is-pressing-pause-on-usd-denominated-eurobond-issuances-for-the-remainder-of-fy2019-2020\/","url_meta":{"origin":649158,"position":5},"title":"Egypt is pressing pause on USD-denominated eurobond issuances for the remainder of FY2019-2020","author":"enterpriseam admin","date":"16 January 2020","format":false,"excerpt":"EXCLUSIVE- The government is pressing pause on USD-denominated eurobond issuances for the remainder of the current fiscal year and will instead rely on a diverse set of debt instruments during the coming period, Finance Minister Mohamed Maait told Enterprise. 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