April 3, 2018 / 8:07 AM / 3 months ago

Egypt hires banks for euro bond offering

LONDON, April 3 (IFR) - The Arab Republic of Egypt has mandated banks for an 8-year and/or 12-year euro-denominated bond offering, according to a lead.

The sovereign has hired Banca IMI, BNP Paribas, Deutsche Bank and Standard Chartered for the transaction.

A roadshow will commence April 4.

Egypt is rated B3 (stable)/B- (positive)/B (stable). (Reporting by Robert Hogg; editing by Sudip Roy)

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