Egypt’s Dubai meetings lead to sukuk speculation

By Virginia Furness
12 Jan 2017

Egypt is entering the final stages of preparation for its planned bond issue and will meet investors in Dubai next week, leading to suggestions that the sovereign will issue in sukuk format.

Egypt has been open about its plans to raise up to $3bn in the international markets and mandated banks back in late August last year. The finance ministry named BNP Paribas, Citi, JP Morgan and Natixis to manage a deal. An official at the ministry this ...

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