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SecuritizationCLOs-CDOs

EGCP readies $2bn PXF sub-underwriting phase

Egyptian General Petroleum Corp. is expected to launch senior syndication of a $2bn pre-export financing next week, according to bankers close to the deal. The state-owned borrower mandated JPMorgan and National Bank of Egypt for the underwritten 58 month facility earlier this month, in a process that attracted some criticism from other loans officials across the sector.

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