Egypt restarts green bond debut after months of delay
The Arab Republic of Egypt has mandated banks to arrange its debut green bond, which will be the first sovereign green bond from the Middle East and North Africa. The deal, according to bankers, has been in the works for over a year and has been delayed by the Covid-19 pandemic.
Crédit Agricole and HSBC are joint structuring advisors, and joining them as joint lead managers and bookrunners are Citi and Deutsche Bank on the RegS/144A dollar benchmark bond.
The banks will organise a series of investor calls this week.Market participants confirmed to GlobalCapital in February that Egypt, rated B2/B/B+, ...