Egypt racks up $9bn of orders by guidance for triple tranche

By Ross Lancaster
13 Nov 2019

The Arab Republic of Egypt had clocked up more than $9bn of demand for its triple tranche bond trade by lunch time on Wednesday.

After mandating for the deal on Tuesday, B2/B/B+ rated Egypt announced dollar benchmark tranches with four, long 12 and 40 year maturities.

Bookrunners BNP Paribas, Citi, JP Morgan, Natixis and Standard Chartered gave initial price thoughts in a 4.9%-5% range for the four ...

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