Egypt prices $350mln tap of 9.45% 2033 Eurobond
By Staff Writer
Egypt has priced a $350 million tap of its 9.45% senior unsecured Eurobond due February 2033, bringing the outstanding size of the issue to $2.1 billion.
The transaction reopens the sovereign’s existing $1.75 billion bond and was completed as a private placement under Reg S.
HSBC acted as sole bookrunner on the transaction. No price, yield or spread was publicly disclosed.
The notes are scheduled to settle on November 2, 2026, and mature on February 4, 2033. The first coupon payment following the tap is due on February 4, 2027.
The issue is rated B by both S&P and Fitch and is unrated by Moody’s.
(Writing by Ahmad Mousa; editing by Seban Scaria)