Egypt re­pays $1.36bn worth of in­ter­na­tional bonds in December

Out­stand­ing bonds worth $18bn and €2bn due within 30 years

The Daily News Egypt - - News -

In Jan­uary 2018, the min­istry man­aged to at­tract $4bn in in­vest­ments through three bond is­suances on in­ter­na­tional mar­kets.

The first tranche of these bonds was is­sued at a value of $1.750bn with a yield of 6.125% and are due on 31 Jan­uary 2022.The se­cond tranche was worth $1bn with a yield of 7.5% and are due on 31 Jan­uary 2027.The third tranche was $1.25bn with a yield of 8.5% and are due on 31 Jan­uary 2047.

On 29 May 2017, the govern­ment is­sued more bonds worth $1bn with a yield of 7.5% and ma­ture on 31 Jan­uary 2027. More bonds were is­sued on the same day worth $750m with an in­ter­est rate of 6.125% for a seven-year ma­tu­rity and are due on 31 Jan­uary 2022.

The third tranche was is­sued for $1.25bn with an in­ter­est rate of 8.5% for 30-year ma­tu­rity and due on 31 Jan­uary 2047.

On 10 Novem­ber 2016, three is­suances of bonds were made worth $4bn at Lon­don Stock Ex­change.

The first tranche of these bonds was is­sued for $1.360bn with a yield of 4.62% and is due on 10 December 2018. The se­cond tranche is worth $1.32bn was is­sued with a yield of 6.75% and is due on 10 Novem­ber 2024, while the third was worth $1.32bn with a yield of 7% and is due on 10 Novem­ber 2028.

The fi­nance min­istry made an­other is­suance for $1.25bn on 11 June 2015 with a yield of 5.875% and is due on 11 June 2025.

More­over, a bond is­suance worth $1bn was launched on 29 April 2010 with a yield of 5.75% and is due on 29 April 2020, and an­other is­suance worth $500m was launched on 29 April 2010 with a yield of 6.875% and is due on 29 April 2040.

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