Egypt, which plans to tap the Eurobond market for $1billion-$1.5bn within weeks, has mandated HSBC and Morgan Stanley for the issue, bankers said yesterday. The bond would be Egypt's first such issue since 2007.
Finance Minister Youssef Boutros-Ghali said this month that Egypt was looking at maturities of up to 20 to 30 years.
The Egyptian government signed two deals for a combined $537 million in loans.
Follow Emirates 24|7 on Google News.