Commentary & Deal Flow

Egypt Government International Bond (The Arab Republic of Egypt) (EGYPT) exp NR/B/B+ US$3bn 144A/Reg S 3-part sr notes (6y due 9/30/27, 12y due 9/30/33, 30y due 9/30/51). Citi (B&D)/FAB/HSBC/JPM/SCB joint books. List London. English Law. Pricing 9/23. Settle 9/30.

IPTs: 6y 6.125% area, 12y 7.625% area, 30y 8.875% area.

GUIDANCE: 6y 5.875-6.0%, 12y 7.375%-7.50%, 30y 8.75% area.

LAUNCHED:
$1.125bn 6y at 5.80% yld.
$1.125bn 12y at 7.30% yld.
$750m 30y at 8.75% yld.