Tuesday, June 5, 2007

Egypt Plans to Sell $1 Billion of Egyptian-Pound Eurobonds Next Month

(Bloomberg) -- Egypt will sell 5.7 billion Egyptian
pounds ($1 billion) of Eurobonds denominated in the local currency
in July, Finance Minister Youssef Boutros-Ghali said today.

Egypt will sell the Eurobonds to international investors in
the first offering of its kind, Boutros-Ghali said in an interview
on the sidelines of an economic conference in Cairo.


Read more at Bloomberg Emerging Markets News

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