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Egypt says still plans $1bn euro bond issue

Cairo, March 19, 2008

Egypt's Investment Minister Mahmoud Mohieldin said on Wednesday that the country was still planning to launch a $1 billion euro bond this year.

"The plan is that it will go ahead," the minister told Reuters in London.

Egypt was due to issue a $1 billion euro bond in the first quarter, with a maturity of between seven to 10 years, but like many deals in the current nervous market climate, the issue has yet to materialise. - Reuters




Tags: Egypt | Euro bond |

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