From Gulfnews.com: Egypt received $12 billion in orders for the North African country’s first overseas sale of dollar bonds in nine years, according to a banker familiar with the transaction. The bonds are expected to be priced midday New York time, said the banker, who declined to be identified because terms aren’t set.
The country may sell $1 billion of 10-year notes to yield about 5.875 per cent and $500 million of 30-year bonds to yield about 7 per cent, said another banker yesterday. It’s the country’s first 30-year bond, according to Reham Al Desoki, economist at Beltone Fin-ancial in Cairo………………………………………Full Article: Source