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Egypt c.bank reaches terms for $3.1 billion repurchase transaction with global banks
November 14, 2017 / 1:54 PM / 7 days ago

Egypt c.bank reaches terms for $3.1 billion repurchase transaction with global banks

CAIRO, Nov 14 (Reuters) - Egypt’s Central Bank has reached terms for a one-year $3.1 billion repurchase agreement with international banks after paying back the same consortium of banks a similar $2 billion agreement last week, it said in a statement on Tuesday.

It said the transaction was provided by the banks against most of the amount of newly issued Egyptian dollar-denominated sovereign bonds with maturities of December 2018, November 2024 and November 2028. (Reporting by Eric Knecht; Editing by Peter Graff)

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