Egypt picks arrangers for potential dollar bond issue

DUBAI: Egypt has picked five banks to arrange fixed income investor meetings from Thursday ahead of a potential dollar-denominated bond issue, a document from lead arrangers showed on Tuesday.

The sovereign, rated B3/B-/B by Moody’s/Standard and Poor’s/ Fitch, has mandated BNP Paribas, Citigroup, JP Morgan, Morgan Stanley and Natixis to arrange the roadshows.

Meetings for the bond issue will be held in the UAE, London and the US between May 28 and June 3, the document added.