Here are the details
The Arab Republic of Egypt, represented by the Ministry of Finance, has successfully recaptured the issue of international bells as a special offer for the Central Bank of Egypt on 10 November 2016 by issuing two new tranches of 8 years and 12 years, mats 2026 and 2030.
HSBC worked when the Settlement Manager and the offer was completed on November 19, 2018. The Central Bank of Egypt has triggered the problem with a group of key investment banks with Reverse Repo Banks. The Services of the Office of International Legal Advisor "Dechert" Local "Al-Sharqawi and Sarhan" to complete all legal procedures for issuing.
It is worthwhile to note that the release of two new tranches was reduced to a good return, despite the volatility of international financial markets in # 39; In recent times, there are many indirect influences of American, European and Asian markets. Moody's proposal for August 2018's assessment of stable to positive and the report of the International Monetary Fund (IMF), which has taken steps to achieve the economic reform to achieve the desired sustainable development goals, Reer Dit Standard & Poor's month and confirmed what was released last May to increase the credit rating of Egypt from B to B and Egypt's ability to further improve their economy and increase inflated growth and debt reduction. "
This proposal is part of the execution mechanism of # 39; the Strategy of the Ministry of Finance to dissipate various finances and short term due to long-term debt by issuing long-term financial instruments for the sake of 'representation of' to lower public disclosure and to make the risk of rollover risk & # 39; In the local market, about the expected subsidy of & # 39; the government for the current fiscal year and compulsory its obligations at the lowest possible cost in the medium and long term.
The Ministry of Finance concludes an agreement with the Central Bank of Egypt to replace the claim of # 39; to deliver expense in Egyptian pounds and to allocate the value to the consolidated treasury at the Central Bank of Egypt.
On November 10, 2016, the Ministry of Finance succeeded in delivering $ 4 billion bundles to the Irish Stock Exchange through a special offer for the Central Bank of Egypt. The Bonds were issued with a value of 1.360 million dollars with an annual return of 4.62% on December 10, 2017, with an annual return of 6.75% from November 10, 2024, and bonding $ 1.320 million with an annual return from 7 % paid on November 10, 2028.
We thank you for the current Saudi Arabia to stay on our website. If you have questions about this news, the Ministry of Finance will be able to reintroduce international bundles in two new tranches.
Source: Day 7