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SecuritizationCLOs-CDOs

Africa’s top dogs still barking as EGPC with 30% oversubscription

State-owned Egyptian General Petroleum Corporation demonstrated that Africa’s top borrowers can still count on plenty of demand in the loan market after its $900m facility closed about 30% oversubscribed. Twelve banks joined bookrunners Bank of Tokyo-Mitsubishi UFJ and Morgan Stanley during syndication.

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