Dubai: Egypt has launched a $3 billion (Dh11 billion) triple-tranche bond which taps its $1.75 billion bond maturing in 2022, the $1 billion notes due in 2027 and the $1.25 billion notes due in 2047, a document issued by one of the banks leading the deal showed.
Under a bond tap, an existing transaction is reopened for subscription, using the same documentation as before.
Egypt has launched $750 million notes due in 2022 at 5.45 per cent, $1 billion at 6.65 per cent and $1.25 billion at 7.95 per cent. Books for the deal closed at $11 billion, the document showed.
