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Egypt picks arrangers for potential dollar bond issue

Reuters , Tuesday 26 May 2015
The Ministry of Finance, Cairo (Photo: Ahram file)
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Egypt has picked five banks to arrange fixed income investor meetings from Thursday ahead of a potential dollar-denominated bond issue, a document from lead arrangers showed on Tuesday.

The sovereign, rated B3/B-/B by Moody's/Standard and Poor's/ Fitch, has mandated BNP Paribas, Citigroup, JP Morgan, Morgan Stanley and Natixis to arrange the roadshows.

Meetings for the bond issue will be held in the United Arab Emirates, London and the United States between May 28 and June 3, the document added.

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