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Emerging MarketsAfrica

Egypt grabs $4bn with hefty book

Egypt_map_Fotolia_Jan_17_230x150

The Arab Republic of Egypt printed its $4bn triple tranche bond on Tuesday from a book that peaked at $12.5bn, despite another EM issuer — Russia's GTLK — having to postpone because of market volatility. A rival syndicate banker called the note cheap, but necessarily so.

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