Egypt skips syndicates for $2.7bn MTN as it looks to boost budget

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Egypt skips syndicates for $2.7bn MTN as it looks to boost budget

Egypt this week moved to bridge its budget deficit with a $2.7bn 4.25% November 2014 bond via bookrunners HSBC and QNB Capital. The note was issued on Tuesday from the country’s $12bn EMTN programme.

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